Facebook (NASDAQ:FB) Downgraded by Pivotal Research

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

Other equities research analysts have also issued reports about the company. Oppenheimer increased their price target on Facebook from $230.00 to $265.00 and gave the stock an outperform rating in a research report on Thursday, January 30th. Robert W. Baird restated a buy rating and set a $230.00 price target on shares of Facebook in a research report on Thursday, January 30th. Jefferies Financial Group set a $250.00 price target on Facebook and gave the stock a buy rating in a research report on Tuesday, January 28th. Goldman Sachs Group set a $231.00 price target on Facebook and gave the stock a buy rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets restated a positive rating and set a $200.00 price target on shares of Facebook in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $245.48.

Shares of FB opened at $214.18 on Tuesday. Facebook has a 1 year low of $159.28 and a 1 year high of $224.20. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $213.45 and a 200-day simple moving average of $195.93. The stock has a market cap of $610.51 billion, a PE ratio of 33.26, a PEG ratio of 1.27 and a beta of 1.05.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.03. The business had revenue of $21.08 billion for the quarter, compared to analyst estimates of $20.90 billion. Facebook had a return on equity of 19.97% and a net margin of 26.15%. Facebook’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 EPS. On average, sell-side analysts forecast that Facebook will post 9.28 EPS for the current fiscal year.

In other news, VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $222.28, for a total value of $57,792.80. Following the transaction, the vice president now directly owns 786 shares in the company, valued at approximately $174,712.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Susan J.S. Taylor sold 1,133 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $198.58, for a total value of $224,991.14. Following the completion of the transaction, the chief accounting officer now owns 1,505 shares in the company, valued at $298,862.90. The disclosure for this sale can be found here. Insiders sold a total of 80,531 shares of company stock worth $16,696,656 over the last quarter. Corporate insiders own 14.53% of the company’s stock.

Several large investors have recently bought and sold shares of FB. FMR LLC boosted its position in shares of Facebook by 3.3% in the 4th quarter. FMR LLC now owns 123,422,389 shares of the social networking company’s stock worth $25,332,445,000 after purchasing an additional 3,993,741 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of Facebook by 77.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,067,599 shares of the social networking company’s stock worth $834,875,000 after purchasing an additional 1,781,520 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Facebook by 32.6% in the 3rd quarter. California Public Employees Retirement System now owns 5,218,412 shares of the social networking company’s stock worth $929,295,000 after purchasing an additional 1,284,127 shares during the last quarter. Johanson Financial Advisors Inc. boosted its position in shares of Facebook by 21,147.8% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,219,198 shares of the social networking company’s stock worth $5,940,000 after purchasing an additional 1,213,460 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Facebook by 55.4% in the 4th quarter. DNB Asset Management AS now owns 3,163,030 shares of the social networking company’s stock worth $649,212,000 after purchasing an additional 1,127,759 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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Analyst Recommendations for Facebook (NASDAQ:FB)

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