Facebook (NASDAQ:FB) Stock Rating Reaffirmed by Raymond James

Facebook (NASDAQ:FB)‘s stock had its “buy” rating restated by equities researchers at Raymond James in a research note issued to investors on Monday, TipRanks reports.

A number of other research analysts have also recently commented on FB. MKM Partners upped their price target on shares of Facebook from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group set a $250.00 price target on shares of Facebook and gave the stock a “buy” rating in a report on Thursday, May 21st. BMO Capital Markets increased their target price on shares of Facebook from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Tigress Financial reiterated a “buy” rating on shares of Facebook in a report on Monday, March 30th. Finally, SunTrust Banks increased their target price on shares of Facebook from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $246.90.

FB stock opened at $227.07 on Monday. The company has a quick ratio of 4.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.09. Facebook has a twelve month low of $137.10 and a twelve month high of $245.19. The stock has a market capitalization of $646.95 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The firm’s fifty day simple moving average is $227.35 and its two-hundred day simple moving average is $202.60.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.07). The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.25 billion. Facebook had a return on equity of 21.54% and a net margin of 28.57%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share. As a group, equities research analysts expect that Facebook will post 7.19 EPS for the current year.

In related news, VP Jennifer Newstead sold 970 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $207.75, for a total value of $201,517.50. Following the transaction, the vice president now owns 600 shares in the company, valued at approximately $124,650. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Susan J.S. Taylor sold 1,195 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $223.39, for a total transaction of $266,951.05. Following the completion of the transaction, the chief accounting officer now owns 3,147 shares in the company, valued at approximately $703,008.33. The disclosure for this sale can be found here. Insiders sold a total of 68,979 shares of company stock valued at $14,937,163 over the last ninety days. 14.14% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FB. Permanens Capital L.P. acquired a new stake in shares of Facebook during the 4th quarter worth approximately $28,000. HHM Wealth Advisors LLC acquired a new stake in shares of Facebook during the 1st quarter worth approximately $41,000. Sowa Financial Group Inc. acquired a new stake in shares of Facebook during the 4th quarter worth approximately $42,000. FSA Wealth Management LLC acquired a new stake in shares of Facebook during the 4th quarter worth approximately $44,000. Finally, Elmwood Wealth Management Inc. acquired a new stake in shares of Facebook during the 1st quarter worth approximately $46,000. 65.14% of the stock is currently owned by institutional investors and hedge funds.

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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