Published On: Mon, Sep 19th, 2016

BMO Capital Markets Increases Facebook Inc. (FB) Price Target to $145.00

Facebook Inc. (NASDAQ:FB) had its target price lifted by stock analysts at BMO Capital Markets from $120.00 to $145.00 in a research report issued on Thursday. The brokerage presently has a “market perform” rating on the social networking company’s stock. BMO Capital Markets’ target price suggests a potential upside of 12.34% from the company’s previous close.
FB has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $136.00 target price on shares of Facebook in a report on Thursday, April 7th. Wedbush upped their target price on Facebook from $128.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, April 28th. SunTrust Banks Inc. reissued a “buy” rating and issued a $135.00 price target on shares of Facebook in a research note on Tuesday, May 31st. Pacific Crest reissued a “hold” rating on shares of Facebook in a research note on Wednesday, April 13th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 price target on shares of Facebook in a research note on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, forty-three have given a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $149.25.
Facebook (NASDAQ:FB) traded up 0.56% during mid-day trading on Thursday, hitting $129.07. 24,119,174 shares of the stock were exchanged. The stock has a market cap of $370.65 billion, a price-to-earnings ratio of 61.70 and a beta of 0.76. Facebook has a 52 week low of $85.72 and a 52 week high of $131.98. The company has a 50 day moving average price of $125.23 and a 200 day moving average price of $117.33.

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Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.15. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The business’s revenue for the quarter was up 59.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. Analysts expect that Facebook will post $3.94 EPS for the current fiscal year.
In related news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $127.26, for a total transaction of $95,445.00. Following the sale, the vice president now owns 86,890 shares in the company, valued at approximately $11,057,621.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jan Koum sold 1,434,530 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $109.64, for a total value of $157,281,869.20. The disclosure for this sale can be found here. 19.08% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Carnick & Kubik Group LLC acquired a new stake in shares of Facebook during the second quarter valued at approximately $1,902,000. Williams Jones & Associates LLC raised its stake in shares of Facebook by 3.3% in the second quarter. Williams Jones & Associates LLC now owns 635,392 shares of the social networking company’s stock valued at $72,613,000 after buying an additional 20,128 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Facebook during the second quarter valued at approximately $10,668,000. Kentucky Retirement Systems acquired a new stake in shares of Facebook during the second quarter valued at approximately $22,467,000. Finally, KAMES CAPITAL plc raised its stake in shares of Facebook by 2.3% in the second quarter. KAMES CAPITAL plc now owns 1,321,024 shares of the social networking company’s stock valued at $150,967,000 after buying an additional 29,407 shares during the last quarter. Institutional investors own 56.89% of the company’s stock.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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