The Facebook’s (FB) Outperform Rating Reiterated at William Blair, Report finds

Other equities research analysts also recently issued research reports about the company. Evercore ISI reiterated a buy rating and issued a $155.00 price objective (down previously from $165.00) on shares of Facebook in a report on Friday, December 16th. Credit Suisse Group upped their price objective on Facebook from $165.00 to $170.00 and gave the company an outperform rating in a report on Thursday, February 2nd. Piper Jaffray Companies set a $150.00 price objective on Facebook and gave the company a buy rating in a report on Thursday, January 5th. BTIG Research reiterated a neutral rating on shares of Facebook in a report on Thursday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $162.00 price objective on shares of Facebook in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $153.75.

William Blair restated their outperform rating on shares of Facebook, Inc. (NASDAQ:FB) in a report released on Tuesday morning.

Shares of Facebook (NASDAQ:FB) opened at 134.19 on Tuesday. The firm’s 50-day moving average price is $126.71 and its 200-day moving average price is $125.11. The firm has a market capitalization of $387.81 billion, a price-to-earnings ratio of 38.42 and a beta of 0.68. Facebook has a 12 month low of $100.24 and a 12 month high of $135.49.

Facebook (NASDAQ:FB) last issued its quarterly earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.10. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up 50.8% compared to the same quarter last year. On average, equities analysts anticipate that Facebook will post $5.42 earnings per share for the current year.

In other Facebook news, COO Sheryl Sandberg sold 138,339 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $118.65, for a total transaction of $16,413,922.35. Following the completion of the sale, the chief operating officer now directly owns 4,059,460 shares of the company’s stock, valued at approximately $481,654,929. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $132.49, for a total value of $2,119,840.00. Following the sale, the insider now directly owns 153,938 shares of the company’s stock, valued at $20,395,245.62. The disclosure for this sale can be found here. Insiders sold a total of 5,176,414 shares of company stock valued at $618,861,084 over the last ninety days. 19.08% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock worth $15,940,195,000 after buying an additional 3,400,653 shares in the last quarter. State Street Corp raised its stake in shares of Facebook by 2.8% in the fourth quarter. State Street Corp now owns 91,829,555 shares of the social networking company’s stock worth $10,564,984,000 after buying an additional 2,523,083 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock worth $9,456,572,000 after buying an additional 2,402,049 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Facebook by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 61,107,258 shares of the social networking company’s stock worth $7,838,228,000 after buying an additional 1,659,217 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Facebook by 3.7% in the third quarter. BlackRock Fund Advisors now owns 30,413,666 shares of the social networking company’s stock worth $3,901,161,000 after buying an additional 1,092,664 shares in the last quarter. 57.00% of the stock is owned by hedge funds and other institutional investors.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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