Facebook (FB) Upgraded to “Buy” by UBS Group

UBS Group upgraded shares of Facebook (NASDAQ:FB) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, Benzinga reports. UBS Group currently has $240.00 price target on the social networking company’s stock, up from their prior price target of $170.00.

A number of other research firms also recently weighed in on FB. BidaskClub upgraded Facebook from a sell rating to a hold rating in a research note on Thursday, December 27th. Wedbush set a $220.00 price target on Facebook and gave the company a buy rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Facebook from a hold rating to a buy rating and set a $149.00 price target on the stock in a research note on Wednesday, January 2nd. Goldman Sachs Group downgraded Facebook to a neutral rating in a research note on Friday, January 4th. Finally, Nomura restated a neutral rating and issued a $148.00 price target on shares of Facebook in a research note on Monday, January 7th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and forty-one have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $206.58.

Shares of FB stock opened at $191.49 on Thursday. Facebook has a twelve month low of $123.02 and a twelve month high of $218.62. The company has a market capitalization of $556.28 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.40 and a beta of 0.88. The company has a current ratio of 5.38, a quick ratio of 7.19 and a debt-to-equity ratio of 0.08.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, April 24th. The social networking company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.80). Facebook had a net margin of 33.17% and a return on equity of 23.67%. The company had revenue of $15.08 billion during the quarter, compared to analysts’ expectations of $14.97 billion. During the same quarter last year, the business posted $1.69 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities analysts expect that Facebook will post 7.98 EPS for the current year.

In related news, CEO Mark Zuckerberg sold 294,100 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $178.29, for a total value of $52,435,089.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Wehner sold 25,000 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $190.87, for a total value of $4,771,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,565,185 shares of company stock valued at $274,875,281. Insiders own 14.53% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Mission Wealth Management LP increased its stake in Facebook by 3.8% during the third quarter. Mission Wealth Management LP now owns 10,426 shares of the social networking company’s stock worth $1,715,000 after acquiring an additional 386 shares during the last quarter. Rovida Advisors Inc. acquired a new stake in Facebook during the third quarter worth about $18,714,000. First American Bank acquired a new stake in Facebook during the third quarter worth about $6,317,000. K.J. Harrison & Partners Inc increased its stake in Facebook by 97.9% during the third quarter. K.J. Harrison & Partners Inc now owns 4,507 shares of the social networking company’s stock worth $741,000 after acquiring an additional 2,230 shares during the last quarter. Finally, WP Advisors LLC increased its stake in Facebook by 20.6% during the third quarter. WP Advisors LLC now owns 41,411 shares of the social networking company’s stock worth $6,810,000 after acquiring an additional 7,073 shares during the last quarter. Hedge funds and other institutional investors own 60.24% of the company’s stock.

About Facebook

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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