Facebook (NASDAQ:FB) had its target price upped by equities researchers at Barclays from $275.00 to $285.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the social networking company’s stock. Barclays‘s target price suggests a potential upside of 12.35% from the company’s current price.
A number of other brokerages have also recently weighed in on FB. Oppenheimer restated a “buy” rating and set a $270.00 target price (up from $240.00) on shares of Facebook in a report on Friday. Jefferies Financial Group set a $250.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, May 21st. Nomura Instinet raised their target price on shares of Facebook from $253.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Raymond James restated a “buy” rating on shares of Facebook in a report on Monday, June 29th. Finally, Stifel Nicolaus upped their price target on shares of Facebook from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $273.37.
Shares of Facebook stock traded up $19.17 on Friday, hitting $253.67. The company had a trading volume of 53,030,037 shares, compared to its average volume of 19,530,204. The business has a 50-day simple moving average of $235.27 and a 200-day simple moving average of $207.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.60 and a quick ratio of 4.60. The company has a market cap of $722.73 billion, a PE ratio of 30.97, a PEG ratio of 1.81 and a beta of 1.19. Facebook has a 52 week low of $137.10 and a 52 week high of $255.85.
Facebook (NASDAQ:FB) last posted its quarterly earnings data on Thursday, July 30th. The social networking company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. On average, equities research analysts predict that Facebook will post 7.4 earnings per share for the current fiscal year.
In other news, VP Jennifer Newstead sold 194 shares of Facebook stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $207.43, for a total transaction of $40,241.42. Following the sale, the vice president now directly owns 406 shares in the company, valued at approximately $84,216.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,195 shares of Facebook stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $223.39, for a total transaction of $266,951.05. Following the sale, the chief accounting officer now owns 3,147 shares in the company, valued at $703,008.33. The disclosure for this sale can be found here. Insiders sold a total of 68,591 shares of company stock worth $14,894,825 over the last 90 days. Company insiders own 14.14% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Watson Rebecca bought a new position in Facebook during the 2nd quarter valued at about $25,000. JJJ Advisors Inc. lifted its holdings in Facebook by 262.5% during the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 105 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in Facebook during the 1st quarter valued at about $41,000. Elmwood Wealth Management Inc. bought a new position in Facebook during the 1st quarter valued at about $46,000. Finally, NuWave Investment Management LLC lifted its holdings in Facebook by 1,019.2% during the 1st quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 265 shares during the last quarter. 65.12% of the stock is owned by hedge funds and other institutional investors.
Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.
Read More: Options Trading – Understanding Strike Price
Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.