Facebook (FB) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Facebook (NASDAQ:FB) from a sell rating to a hold rating in a report released on Thursday morning.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Facebook from a hold rating to a sell rating in a report on Wednesday. MED began coverage on Facebook in a report on Wednesday. They issued a buy rating and a $165.04 price target on the stock. Argus raised their price target on Facebook to $214.00 in a report on Wednesday. Monness Crespi & Hardt began coverage on Facebook in a report on Wednesday. They issued a buy rating and a $200.00 price target on the stock. Finally, JPMorgan Chase reiterated a buy rating and issued a $242.00 price target on shares of Facebook in a report on Tuesday. Three analysts have rated the stock with a sell rating, three have given a hold rating, forty-one have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $209.94.

Facebook stock traded up $0.68 during mid-day trading on Thursday, hitting $164.55. 8,126,835 shares of the company were exchanged, compared to its average volume of 34,029,879. Facebook has a 1-year low of $139.75 and a 1-year high of $195.32. The firm has a market capitalization of $483,159.63, a P/E ratio of 26.69, a P/E/G ratio of 0.90 and a beta of 0.79.



Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.96 by $0.24. The company had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. sell-side analysts forecast that Facebook will post 7.16 EPS for the current fiscal year.

In related news, CEO Mark Zuckerberg sold 220,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.39, for a total transaction of $39,025,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David B. Fischer sold 5,587 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $187.66, for a total value of $1,048,456.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,812,678 shares of company stock worth $1,193,584,853. 17.23% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of FB. Country Trust Bank increased its position in shares of Facebook by 550.6% during the fourth quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock valued at $100,000 after acquiring an additional 479 shares during the last quarter. Armbruster Capital Management Inc. increased its position in shares of Facebook by 358.4% during the fourth quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after acquiring an additional 448 shares during the last quarter. Taylor Hoffman Wealth Management purchased a new stake in shares of Facebook during the fourth quarter valued at approximately $103,000. Price Wealth Management Inc. purchased a new stake in shares of Facebook during the fourth quarter valued at approximately $105,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Facebook during the third quarter valued at approximately $111,000. 58.48% of the stock is currently owned by institutional investors and hedge funds.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Analyst Recommendations for Facebook (NASDAQ:FB)

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