Facebook, Inc. Common Stock (FB) Hits New 52-Week High and Low at $196.39

Facebook, Inc. Common Stock (NASDAQ:FB) reached a new 52-week high and low on Thursday . The stock traded as low as $196.39 and last traded at $196.40, with a volume of 730886 shares. The stock had previously closed at $192.96.

FB has been the subject of several recent analyst reports. ValuEngine upgraded Facebook, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Macquarie reiterated a “buy” rating and issued a $200.00 price target on shares of Facebook, Inc. Common Stock in a research note on Tuesday, March 20th. Zacks Investment Research cut Facebook, Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $242.00 price target on shares of Facebook, Inc. Common Stock in a research note on Tuesday, April 10th. Finally, Wedbush set a $260.00 price target on Facebook, Inc. Common Stock and gave the company a “buy” rating in a research note on Monday, April 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Facebook, Inc. Common Stock currently has a consensus rating of “Buy” and an average target price of $217.74.

The company has a market cap of $568.94 billion, a P/E ratio of 31.79, a PEG ratio of 1.05 and a beta of 0.84.

Facebook, Inc. Common Stock (NASDAQ:FB) last issued its earnings results on Wednesday, April 25th. The social networking company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.44. The company had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $11.41 billion. Facebook, Inc. Common Stock had a return on equity of 27.74% and a net margin of 40.03%. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. During the same period last year, the business posted $1.04 EPS. analysts anticipate that Facebook, Inc. Common Stock will post 7.67 earnings per share for the current fiscal year.

In related news, COO Sheryl Sandberg sold 55,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $155.88, for a total value of $8,573,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 145,000 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $166.61, for a total transaction of $24,158,450.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,222,709 shares of company stock valued at $2,374,248,366. 16.25% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Trail Advisors LLC lifted its position in shares of Facebook, Inc. Common Stock by 4,170.3% during the 1st quarter. Summit Trail Advisors LLC now owns 9,070,939 shares of the social networking company’s stock worth $9,071,000 after buying an additional 8,858,520 shares in the last quarter. Truepoint Inc. lifted its position in shares of Facebook, Inc. Common Stock by 16,822.1% during the 3rd quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after buying an additional 6,100,871 shares in the last quarter. BlackRock Inc. lifted its position in shares of Facebook, Inc. Common Stock by 3.6% during the 4th quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock worth $25,793,297,000 after buying an additional 5,107,163 shares in the last quarter. Harding Loevner LP lifted its position in shares of Facebook, Inc. Common Stock by 229.7% during the 3rd quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after buying an additional 2,966,978 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Facebook, Inc. Common Stock by 1,559.1% during the 1st quarter. SG Americas Securities LLC now owns 2,990,310 shares of the social networking company’s stock worth $477,822,000 after buying an additional 2,810,076 shares in the last quarter. 59.12% of the stock is currently owned by institutional investors and hedge funds.

About Facebook, Inc. Common Stock

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.

Receive News & Ratings for Facebook Inc. Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook Inc. Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply