Facebook (NASDAQ:FB) PT Lowered to $226.00 at UBS Group

Facebook (NASDAQ:FB) had its target price cut by UBS Group from $246.00 to $226.00 in a research note published on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the social networking company’s stock.

Several other research analysts have also recently issued reports on FB. Citigroup cut their target price on Facebook from $240.00 to $195.00 and set a buy rating on the stock in a research report on Thursday, March 26th. Piper Jaffray Companies started coverage on Facebook in a research report on Tuesday, December 3rd. They set an overweight rating and a $230.00 target price on the stock. Barclays set a $260.00 target price on Facebook and gave the company a buy rating in a research report on Thursday, January 30th. Morgan Stanley lifted their target price on Facebook from $250.00 to $270.00 and gave the company an overweight rating in a research report on Tuesday, January 21st. Finally, Credit Suisse Group cut their target price on Facebook from $274.00 to $272.00 and set an outperform rating on the stock in a research report on Thursday, January 30th. Three analysts have rated the stock with a sell rating, two have given a hold rating and forty-six have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $238.31.

Shares of NASDAQ FB traded down $1.41 during midday trading on Monday, hitting $158.19. 20,860,060 shares of the stock traded hands, compared to its average volume of 21,181,313. The company has a market cap of $450.91 billion, a PE ratio of 24.56, a P/E/G ratio of 0.98 and a beta of 1.06. Facebook has a one year low of $137.10 and a one year high of $224.20. The business has a 50 day moving average price of $181.89 and a two-hundred day moving average price of $194.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.40 and a current ratio of 4.40.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $2.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.03. The firm had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $20.90 billion. Facebook had a return on equity of 19.97% and a net margin of 26.15%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 earnings per share. As a group, equities research analysts forecast that Facebook will post 8.58 EPS for the current fiscal year.

In other news, CRO David B. Fischer sold 11,142 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $192.00, for a total value of $2,139,264.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jennifer Newstead sold 260 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $221.86, for a total value of $57,683.60. Following the completion of the transaction, the vice president now owns 1,046 shares of the company’s stock, valued at $232,065.56. The disclosure for this sale can be found here. Insiders sold a total of 84,164 shares of company stock worth $17,408,234 over the last 90 days. Corporate insiders own 14.53% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Executive Wealth Management LLC boosted its holdings in Facebook by 10.1% during the 3rd quarter. Executive Wealth Management LLC now owns 46,687 shares of the social networking company’s stock valued at $8,313,000 after acquiring an additional 4,266 shares during the period. UMA Financial Services Inc. acquired a new position in Facebook in the 3rd quarter valued at $623,000. Voya Financial Advisors Inc. raised its holdings in Facebook by 3.1% in the 3rd quarter. Voya Financial Advisors Inc. now owns 58,988 shares of the social networking company’s stock valued at $10,447,000 after acquiring an additional 1,781 shares during the last quarter. State Street Corp raised its holdings in Facebook by 0.7% in the 3rd quarter. State Street Corp now owns 93,435,833 shares of the social networking company’s stock valued at $16,639,053,000 after acquiring an additional 627,442 shares during the last quarter. Finally, Merit Financial Group LLC raised its holdings in Facebook by 8.2% in the 3rd quarter. Merit Financial Group LLC now owns 2,733 shares of the social networking company’s stock valued at $487,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 65.29% 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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