UBS Group set a $242.00 price objective on Facebook (NASDAQ:FB) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the social networking company’s stock.
A number of other equities analysts have also weighed in on FB. JPMorgan Chase & Co. reissued a buy rating and issued a $300.00 target price (up previously from $290.00) on shares of Facebook in a research report on Friday. Jefferies Financial Group boosted their price target on Facebook from $285.00 to $300.00 and gave the company a buy rating in a research note on Friday. Monness Crespi & Hardt boosted their price target on Facebook from $230.00 to $290.00 and gave the company a buy rating in a research note on Friday. Robert W. Baird boosted their price target on Facebook from $240.00 to $300.00 in a research note on Thursday, June 25th. Finally, Credit Suisse Group boosted their price target on Facebook from $305.00 to $315.00 and gave the company an outperform rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $273.37.
NASDAQ:FB traded up $19.17 during mid-day trading on Friday, reaching $253.67. The company’s stock had a trading volume of 53,030,037 shares, compared to its average volume of 19,530,204. Facebook has a 12-month low of $137.10 and a 12-month high of $255.85. The firm’s fifty day moving average price is $235.27 and its two-hundred day moving average price is $207.59. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. The stock has a market cap of $722.73 billion, a P/E ratio of 30.97, a PEG ratio of 1.68 and a beta of 1.19.
In other news, VP Jennifer Newstead sold 194 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $207.43, for a total transaction of $40,241.42. Following the sale, the vice president now directly owns 406 shares of the company’s stock, valued at approximately $84,216.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO David B. Fischer sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $205.29, for a total value of $4,516,380.00. Following the sale, the executive now directly owns 57,503 shares in the company, valued at $11,804,790.87. The disclosure for this sale can be found here. Insiders have sold a total of 68,591 shares of company stock worth $14,894,825 over the last ninety days. Insiders own 14.14% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Watson Rebecca purchased a new stake in shares of Facebook during the 2nd quarter worth approximately $25,000. JJJ Advisors Inc. raised its holdings 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 during the period. HHM Wealth Advisors LLC purchased a new stake in Facebook during the 1st quarter valued at $41,000. Elmwood Wealth Management Inc. purchased a new stake in Facebook during the 1st quarter valued at $46,000. Finally, NuWave Investment Management LLC raised its holdings 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 buying an additional 265 shares during the period. 65.12% of the stock is currently owned by institutional investors and hedge funds.
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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