Other analysts have also issued reports about the company. Goldman Sachs Group set a $231.00 target price on Facebook and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stifel Nicolaus raised Facebook from a “hold” rating to a “buy” rating and boosted their target price for the company from $215.00 to $240.00 in a research report on Thursday, December 5th. They noted that the move was a valuation call. Rosenblatt Securities set a $242.00 target price on Facebook and gave the company a “buy” rating in a research report on Tuesday, October 15th. SunTrust Banks boosted their target price on Facebook from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Finally, Barclays decreased their target price on Facebook from $240.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Facebook has a consensus rating of “Buy” and an average target price of $238.04.
Shares of NASDAQ:FB traded down $0.16 during midday trading on Tuesday, reaching $220.99. The company’s stock had a trading volume of 4,146,019 shares, compared to its average volume of 12,376,408. The firm has a market capitalization of $629.86 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a 50 day moving average price of $205.75 and a two-hundred day moving average price of $193.71. Facebook has a fifty-two week low of $142.52 and a fifty-two week high of $222.38.
In other news, COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $184.74, for a total transaction of $10,160,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer Newstead sold 260 shares of Facebook stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $197.40, for a total transaction of $51,324.00. Following the transaction, the vice president now owns 6,717 shares in the company, valued at approximately $1,325,935.80. The disclosure for this sale can be found here. Insiders sold 1,228,140 shares of company stock valued at $233,184,417 over the last 90 days. 14.53% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cavalier Investments LLC lifted its stake in shares of Facebook by 99.9% during the 3rd quarter. Cavalier Investments LLC now owns 1,925 shares of the social networking company’s stock valued at $343,000 after buying an additional 962 shares in the last quarter. Martin Investment Management LLC lifted its stake in shares of Facebook by 5.2% during the 3rd quarter. Martin Investment Management LLC now owns 66,928 shares of the social networking company’s stock valued at $11,919,000 after buying an additional 3,294 shares in the last quarter. Green Square Asset Management LLC lifted its stake in shares of Facebook by 288.0% during the 2nd quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock valued at $2,738,000 after buying an additional 10,531 shares in the last quarter. First Financial Bank Trust Division purchased a new position in shares of Facebook during the 4th quarter valued at $245,000. Finally, Winthrop Advisory Group LLC lifted its stake in shares of Facebook by 1.9% during the 4th quarter. Winthrop Advisory Group LLC now owns 3,444 shares of the social networking company’s stock valued at $707,000 after buying an additional 64 shares in the last quarter. Institutional investors own 63.77% 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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