Facebook, Inc. Common Stock (FB) Stock Rating Reaffirmed by Royal Bank of Canada

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Facebook, Inc. Common Stock (NASDAQ:FB)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank of Canada in a research note issued to investors on Monday. They currently have a $225.00 price target on the social networking company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 30.43% from the company’s previous close.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Facebook, Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. BidaskClub raised shares of Facebook, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Saturday, June 23rd. Macquarie reaffirmed a “buy” rating and set a $200.00 price target on shares of Facebook, Inc. Common Stock in a research report on Wednesday, June 27th. Finally, Barclays reaffirmed a “buy” rating and set a $190.00 price target on shares of Facebook, Inc. Common Stock in a research report on Wednesday, June 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. Facebook, Inc. Common Stock has a consensus rating of “Buy” and an average price target of $209.46.

NASDAQ:FB opened at $172.50 on Monday. Facebook, Inc. Common Stock has a 52 week low of $149.02 and a 52 week high of $218.62. The stock has a market cap of $504.89 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.11 and a beta of 0.40.

Facebook, Inc. Common Stock (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 25th. The social networking company reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($0.01). Facebook, Inc. Common Stock had a return on equity of 28.16% and a net margin of 39.31%. The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.35 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was up 41.9% on a year-over-year basis. analysts predict that Facebook, Inc. Common Stock will post 7.08 earnings per share for the current fiscal year.

In other news, VP David B. Fischer sold 18,096 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $185.88, for a total value of $3,363,684.48. Following the completion of the sale, the vice president now directly owns 95,365 shares of the company’s stock, valued at $17,726,446.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher K. Cox sold 10,600 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $194.13, for a total transaction of $2,057,778.00. Following the completion of the sale, the insider now directly owns 123,482 shares of the company’s stock, valued at $23,971,560.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,176,273 shares of company stock valued at $2,557,741,371. 16.25% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in FB. Knott David M acquired a new position in Facebook, Inc. Common Stock during the first quarter worth about $3,196,000. Lee Financial Co grew its position in Facebook, Inc. Common Stock by 25.0% during the first quarter. Lee Financial Co now owns 5,562 shares of the social networking company’s stock worth $888,000 after buying an additional 1,112 shares during the period. OMERS ADMINISTRATION Corp grew its position in Facebook, Inc. Common Stock by 2.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,600 shares of the social networking company’s stock worth $4,890,000 after buying an additional 700 shares during the period. Harvest Fund Management Co. Ltd grew its position in Facebook, Inc. Common Stock by 1.3% during the first quarter. Harvest Fund Management Co. Ltd now owns 193,846 shares of the social networking company’s stock worth $30,974,000 after buying an additional 2,456 shares during the period. Finally, Handelsbanken Fonder AB grew its position in Facebook, Inc. Common Stock by 2.0% during the fourth quarter. Handelsbanken Fonder AB now owns 505,000 shares of the social networking company’s stock worth $89,112,000 after buying an additional 10,000 shares during the period. 59.41% of the stock is owned by institutional investors and hedge funds.

Facebook, Inc. Common Stock Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its products include Facebook Website and mobile application that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing visual stories through photos, videos, and direct messages; Messenger, a messaging application to communicate with other people, groups, and businesses across various platforms and devices; and WhatsApp, a mobile messaging application.

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Analyst Recommendations for Facebook, Inc. Common Stock (NASDAQ:FB)

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