Facebook (NASDAQ:FB) PT Raised to $305.00

Facebook (NASDAQ:FB) had its price target boosted by investment analysts at JMP Securities from $250.00 to $305.00 in a research note issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the social networking company’s stock. JMP Securities’ target price would indicate a potential upside of 20.23% from the stock’s previous close.

FB has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on Facebook from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Cfra cut Facebook from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. TheStreet upgraded Facebook from a “c+” rating to a “b” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $300.00 target price (up previously from $290.00) on shares of Facebook in a report on Friday. Finally, Rosenblatt Securities lifted their target price on Facebook from $244.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $273.37.

NASDAQ FB traded up $19.17 during trading on Friday, hitting $253.67. 53,030,037 shares of the stock traded hands, compared to its average volume of 19,530,204. The company has a market capitalization of $722.73 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The firm has a 50-day simple moving average of $235.27 and a 200-day simple moving average of $207.59. 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 12-month low of $137.10 and a 12-month high of $255.85.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Thursday, July 30th. The social networking company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.36. The business had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a return on equity of 23.49% and a net margin of 31.29%. As a group, research analysts predict that Facebook will post 7.4 EPS for the current fiscal year.

In other news, VP Jennifer Newstead sold 194 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $234.76, for a total value of $45,543.44. Following the completion of the transaction, the vice president now directly owns 1,918 shares of the company’s stock, valued at approximately $450,269.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David M. Wehner sold 8,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $209.90, for a total value of $1,679,200.00. Following the completion of the transaction, the chief financial officer now directly owns 24,484 shares of the company’s stock, valued at $5,139,191.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,591 shares of company stock valued at $14,894,825. Corporate insiders own 14.14% of the company’s stock.

A number of large investors have recently made changes to their positions in FB. Watson Rebecca acquired a new position in Facebook during the 2nd quarter valued at about $25,000. JJJ Advisors Inc. increased its position in Facebook by 262.5% during the 2nd quarter. JJJ Advisors Inc. now owns 145 shares of the social networking company’s stock valued at $33,000 after buying an additional 105 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in Facebook during the 1st quarter valued at about $41,000. Elmwood Wealth Management Inc. purchased a new stake in Facebook during the 1st quarter valued at about $46,000. Finally, NuWave Investment Management LLC grew its stake in Facebook by 1,019.2% during the 1st quarter. NuWave Investment Management LLC now owns 291 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 265 shares during the last quarter. 65.12% of the stock is currently owned by institutional investors.

Facebook Company Profile

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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