Research Analysts’ Recent Ratings Updates for Facebook (FB)

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Facebook (NASDAQ: FB) has recently received a number of price target changes and ratings updates:

  • 3/14/2019 – Facebook had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $155.00 price target on the stock.
  • 3/12/2019 – Facebook was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Facebook is expected to benefit from solid mobile ad revenues driven by robust performance of Instagram Stories and an expanding user base in 2019. Further, the company’s plan to introduce commerce in Instagram is expected to be a major growth driver. The growing appeal of the company’s Workplace platform, which has now more than two million paid users, is another key catalyst.  However, continued mix shift toward Stories is expected to hurt ARPU. Moreover, Facebook needs to improve ad pricing to drive top-line growth. Furthermore, uncertain microenvironment due to Brexit and the U.S. shutdown is a headwind. Additionally, continued mix shift toward Stories is expected to hurt ARPU. Further, aggressive investments into security and innovation on AR/VR and AI technologies are expected to negatively impact profits in 2019.”
  • 3/11/2019 – Facebook was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $215.00 price target on the stock, up previously from $172.00.
  • 3/7/2019 – Facebook was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/20/2019 – Facebook was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/4/2019 – Facebook had its price target lowered by analysts at Wedbush to $200.00. They now have a “buy” rating on the stock.
  • 2/4/2019 – Facebook was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $187.00 price target on the stock. According to Zacks, “Facebook reported impressive fourth-quarter 2018 results, driven by solid ad revenues that benefited from impression growth on both Instagram Stories and Feed. However, only Instagram Stories is now expected to be the key catalyst for impression growth in 2019. Moreover, Facebook needs to improve ad pricing to drive top-line growth. Further, the company’s plan to introduce commerce in Instagram is expected to be a major growth driver. Additionally, the company’s plan to integrate messaging apps — WhatsApp, Instagram, and Messenger – is expected to take time (not before 2020). Management believes that the integration will boost user experience by making the services more secure through end-to-end encryption. However, continued mix shift toward Stories is expected to hurt ARPU. Shares have outperformed the industry in the past year.”
  • 2/2/2019 – Facebook was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/1/2019 – Facebook had its “buy” rating reaffirmed by analysts at Argus.
  • 1/31/2019 – Facebook had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $120.00 price target on the stock, up previously from $113.00.
  • 1/31/2019 – Facebook had its price target raised by analysts at Morgan Stanley from $175.00 to $190.00. They now have an “overweight” rating on the stock.
  • 1/31/2019 – Facebook had its price target raised by analysts at Barclays PLC to $210.00. They now have an “overweight” rating on the stock.
  • 1/31/2019 – Facebook had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $210.00 price target on the stock.
  • 1/31/2019 – Facebook had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $195.00 price target on the stock, up previously from $190.00.
  • 1/31/2019 – Facebook had its “outperform” rating reaffirmed by analysts at CIBC. They now have a $195.00 price target on the stock, up previously from $185.00.
  • 1/31/2019 – Facebook had its price target raised by analysts at Raymond James from $180.00 to $200.00. They now have an “outperform” rating on the stock.
  • 1/31/2019 – Facebook had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $195.00 price target on the stock, up previously from $176.00.
  • 1/31/2019 – Facebook had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $195.00 price target on the stock, up previously from $190.00.
  • 1/31/2019 – Facebook had its price target raised by analysts at Oppenheimer Holdings Inc. from $185.00 to $195.00. They now have an “outperform” rating on the stock.
  • 1/31/2019 – Facebook had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $195.00 price target on the stock, up previously from $184.00.
  • 1/31/2019 – Facebook had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $200.00 price target on the stock, up previously from $190.00.
  • 1/31/2019 – Facebook had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $170.00 price target on the stock, up previously from $160.00.
  • 1/31/2019 – Facebook had its price target raised by analysts at Nomura from $148.00 to $172.00. They now have a “neutral” rating on the stock.
  • 1/31/2019 – Facebook had its price target raised by analysts at Stifel Nicolaus to $155.00. They now have a “hold” rating on the stock.
  • 1/31/2019 – Facebook had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $205.00 price target on the stock, up previously from $190.00.
  • 1/31/2019 – Facebook had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $185.00 price target on the stock, up previously from $175.00.
  • 1/31/2019 – Facebook had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $212.00 price target on the stock, up previously from $206.00.
  • 1/31/2019 – Facebook had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $200.00 price target on the stock, up previously from $180.00.
  • 1/31/2019 – Facebook had its price target raised by analysts at Canaccord Genuity from $180.00 to $200.00. They now have a “buy” rating on the stock.
  • 1/31/2019 – Facebook had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $200.00 price target on the stock, up previously from $195.00.
  • 1/31/2019 – Facebook had its price target raised by analysts at SunTrust Banks, Inc. to $210.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/31/2019 – Facebook had its price target raised by analysts at Mizuho from $200.00 to $210.00. They now have a “buy” rating on the stock.
  • 1/28/2019 – Facebook had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $210.00 price target on the stock, up previously from $208.00.
  • 1/28/2019 – Facebook had its price target lowered by analysts at BMO Capital Markets to $163.00. They now have a “market perform” rating on the stock.
  • 1/28/2019 – Facebook was given a new $195.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “buy” rating on the stock.
  • 1/25/2019 – Facebook was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/25/2019 – Facebook had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $190.00 price target on the stock.
  • 1/25/2019 – Facebook was given a new $195.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 1/16/2019 – Facebook had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $195.00 price target on the stock.

NASDAQ FB traded down $4.19 during trading on Friday, reaching $165.98. 37,091,976 shares of the company’s stock were exchanged, compared to its average volume of 20,375,660. The company has a market cap of $494.34 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.88. Facebook, Inc. has a fifty-two week low of $123.02 and a fifty-two week high of $218.62.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, January 30th. The social networking company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.20. The firm had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.40 billion. Facebook had a return on equity of 27.51% and a net margin of 39.60%. The business’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. Equities analysts forecast that Facebook, Inc. will post 7.55 EPS for the current fiscal year.

In other news, COO Sheryl Sandberg sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $132.11, for a total value of $7,266,050.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Colin Stretch sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $150.00, for a total value of $1,350,000.00. Following the completion of the transaction, the vice president now directly owns 94,680 shares in the company, valued at approximately $14,202,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 391,461 shares of company stock worth $60,325,530. Company insiders own 16.25% of the company’s stock.

Several hedge funds have recently modified their holdings of FB. Oregon Public Employees Retirement Fund grew its stake in shares of Facebook by 13,908.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,768,412 shares of the social networking company’s stock valued at $540,000 after buying an additional 70,263,213 shares during the period. Norges Bank purchased a new stake in Facebook in the fourth quarter worth about $3,229,577,000. Fundsmith Equity Fund L.P. purchased a new stake in Facebook in the second quarter worth about $1,072,219,000. Polen Capital Management LLC grew its holdings in Facebook by 88.2% in the fourth quarter. Polen Capital Management LLC now owns 7,354,192 shares of the social networking company’s stock worth $964,061,000 after purchasing an additional 3,445,879 shares during the period. Finally, Altimeter Capital Management LP grew its holdings in Facebook by 426.2% in the fourth quarter. Altimeter Capital Management LP now owns 3,368,000 shares of the social networking company’s stock worth $441,511,000 after purchasing an additional 2,727,900 shares during the period. Institutional investors and hedge funds own 59.63% 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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