Facebook (NASDAQ:FB) Price Target Increased to $280.00 by Analysts at Deutsche Bank

Facebook (NASDAQ:FB) had its target price boosted by equities researchers at Deutsche Bank from $270.00 to $280.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the social networking company’s stock. Deutsche Bank’s target price would indicate a potential upside of 26.78% from the stock’s previous close.

Several other brokerages have also recently commented on FB. Sanford C. Bernstein initiated coverage on shares of Facebook in a research note on Thursday, January 9th. They issued an “outperform” rating and a $250.00 price objective for the company. HSBC initiated coverage on shares of Facebook in a research note on Thursday, December 5th. They issued a “reduce” rating and a $178.00 price objective for the company. Zacks Investment Research cut shares of Facebook from a “hold” rating to a “sell” rating and set a $229.00 price objective for the company. in a research note on Friday. Summit Redstone initiated coverage on shares of Facebook in a research note on Friday, September 27th. They issued a “buy” rating for the company. Finally, BMO Capital Markets reduced their price objective on shares of Facebook from $197.00 to $185.00 and set a “market perform” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $236.37.

Shares of NASDAQ FB traded down $1.06 during midday trading on Tuesday, hitting $220.85. The company had a trading volume of 4,314,364 shares, compared to its average volume of 12,240,930. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. Facebook has a twelve month low of $141.27 and a twelve month high of $219.88. The business has a 50-day simple moving average of $204.92 and a two-hundred day simple moving average of $193.39. The firm has a market capitalization of $632.83 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.21. Facebook had a net margin of 27.08% and a return on equity of 20.39%. The firm had revenue of $17.65 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter last year, the business earned $1.76 earnings per share. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. On average, equities analysts forecast that Facebook will post 8.48 EPS for the current year.

In related news, CEO Mark Zuckerberg sold 139,900 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $195.40, for a total value of $27,336,460.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $197.40, for a total transaction of $51,324.00. Following the completion of the sale, the vice president now owns 6,717 shares of the company’s stock, valued at $1,325,935.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,353,740 shares of company stock valued at $256,885,137. Company insiders own 14.53% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FB. Financial Advantage Inc. purchased a new stake in Facebook during the third quarter worth approximately $28,000. American National Bank purchased a new stake in Facebook during the fourth quarter worth approximately $41,000. Winthrop Partners WNY LLC purchased a new stake in Facebook during the third quarter worth approximately $58,000. AlphaMark Advisors LLC grew its stake in Facebook by 20.8% during the third quarter. AlphaMark Advisors LLC now owns 465 shares of the social networking company’s stock worth $83,000 after buying an additional 80 shares during the period. Finally, Personal Wealth Partners grew its stake in Facebook by 12.9% during the third quarter. Personal Wealth Partners now owns 481 shares of the social networking company’s stock worth $86,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 63.77% of the company’s stock.

About Facebook

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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