Facebook (NASDAQ:FB) Stock Rating Reaffirmed by Guggenheim
Facebook (NASDAQ:FB)‘s stock had its “hold” rating reiterated by research analysts at Guggenheim in a report released on Tuesday, TipRanks reports.
A number of other research firms have also recently weighed in on FB. Nomura increased their price objective on shares of Facebook from $226.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Goldman Sachs Group set a $228.00 target price on shares of Facebook and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Robert W. Baird boosted their target price on shares of Facebook from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. SunTrust Banks restated a “buy” rating and issued a $215.00 target price on shares of Facebook in a research report on Tuesday, July 23rd. Finally, Susquehanna Bancshares raised their price target on shares of Facebook from $225.00 to $245.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $220.92.
FB traded up $2.32 on Tuesday, hitting $188.49. 11,558,358 shares of the company’s stock were exchanged, compared to its average volume of 17,437,799. The firm has a market cap of $538.52 billion, a PE ratio of 24.90, a P/E/G ratio of 1.10 and a beta of 1.01. Facebook has a twelve month low of $123.02 and a twelve month high of $208.66. The stock has a fifty day moving average of $187.42 and a two-hundred day moving average of $182.81. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.08.
In related news, Director Peter Thiel sold 22,246 shares of Facebook stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $182.00, for a total value of $4,048,772.00. Following the transaction, the director now directly owns 9,948 shares in the company, valued at approximately $1,810,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Susan J.S. Taylor sold 1,134 shares of Facebook stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $185.45, for a total value of $210,300.30. Following the completion of the transaction, the chief accounting officer now owns 1,037 shares in the company, valued at $192,311.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,244,072 shares of company stock valued at $416,434,607. Insiders own 14.53% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. River & Mercantile Asset Management LLP increased its stake in shares of Facebook by 60.9% in the second quarter. River & Mercantile Asset Management LLP now owns 178,804 shares of the social networking company’s stock worth $34,507,000 after acquiring an additional 67,700 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Facebook by 1.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 614,010 shares of the social networking company’s stock valued at $118,504,000 after buying an additional 11,413 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Facebook in the second quarter worth approximately $55,003,000. ANTIPODES PARTNERS Ltd increased its holdings in Facebook by 10.4% in the second quarter. ANTIPODES PARTNERS Ltd now owns 316,687 shares of the social networking company’s stock worth $61,121,000 after buying an additional 29,740 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in Facebook by 16.5% in the second quarter. Rehmann Capital Advisory Group now owns 13,080 shares of the social networking company’s stock worth $2,524,000 after buying an additional 1,856 shares during the last quarter. Institutional investors own 63.60% of the company’s stock.
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.
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