Facebook (NASDAQ:FB) Downgraded by Pivotal Research

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Pivotal Research cut shares of Facebook (NASDAQ:FB) from a hold rating to a sell rating in a report issued on Tuesday, Benzinga reports. Pivotal Research currently has $180.00 price objective on the social networking company’s stock, down from their previous price objective of $215.00.

Other equities research analysts have also recently issued research reports about the company. DZ Bank restated a buy rating on shares of Facebook in a report on Thursday, October 31st. Citigroup restated a buy rating and set a $240.00 price objective on shares of Facebook in a report on Tuesday, December 3rd. Susquehanna Bancshares boosted their price objective on Facebook from $245.00 to $285.00 and gave the stock a positive rating in a report on Thursday, January 30th. Goldman Sachs Group set a $231.00 price objective on Facebook and gave the stock a buy rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada restated a buy rating and set a price objective (down previously from ) on shares of Facebook in a report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $245.48.

Shares of NASDAQ:FB opened at $214.18 on Tuesday. Facebook has a 12-month low of $159.28 and a 12-month high of $224.20. The stock has a market cap of $610.51 billion, a PE ratio of 33.26, a P/E/G ratio of 1.27 and a beta of 1.05. The business has a 50 day moving average of $213.45 and a 200-day moving average of $195.93. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.09.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Facebook had a return on equity of 19.97% and a net margin of 26.15%. The company had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. Equities research analysts expect that Facebook will post 9.28 earnings per share for the current year.

In other Facebook news, VP Jennifer Newstead sold 260 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $197.37, for a total transaction of $51,316.20. Following the completion of the transaction, the vice president now directly owns 2,606 shares in the company, valued at $514,346.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Susan J.S. Taylor sold 1,133 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $198.58, for a total transaction of $224,991.14. Following the transaction, the chief accounting officer now owns 1,505 shares of the company’s stock, valued at $298,862.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,531 shares of company stock valued at $16,696,656. Company insiders own 14.53% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in FB. KCS Wealth Advisory increased its holdings in shares of Facebook by 0.6% during the fourth quarter. KCS Wealth Advisory now owns 7,384 shares of the social networking company’s stock worth $1,516,000 after buying an additional 46 shares in the last quarter. Strategic Blueprint LLC grew its stake in shares of Facebook by 3.8% in the fourth quarter. Strategic Blueprint LLC now owns 1,346 shares of the social networking company’s stock worth $276,000 after purchasing an additional 49 shares during the last quarter. Northstar Group Inc. grew its stake in shares of Facebook by 0.3% in the fourth quarter. Northstar Group Inc. now owns 15,059 shares of the social networking company’s stock worth $3,092,000 after purchasing an additional 50 shares during the last quarter. Navellier & Associates Inc grew its stake in shares of Facebook by 2.5% in the fourth quarter. Navellier & Associates Inc now owns 2,050 shares of the social networking company’s stock worth $421,000 after purchasing an additional 50 shares during the last quarter. Finally, InterOcean Capital LLC grew its stake in shares of Facebook by 0.8% in the fourth quarter. InterOcean Capital LLC now owns 6,688 shares of the social networking company’s stock worth $1,373,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 63.91% of the company’s stock.

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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