Breaking: Facebook (NASDAQ:FB) “Buy” Rating Reaffirmed by Citigroup Today; The Price Target is $210

November 14, 2017 - By Henry Gaston

 Breaking: Facebook (NASDAQ:FB)

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold Facebook Inc shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported.

Callahan Advsrs Lc has invested 1.75% of its portfolio in Facebook Inc (NASDAQ:FB). Amer Natl Registered Invest Advisor Incorporated has invested 1.12% of its portfolio in Facebook Inc (NASDAQ:FB). Congress Asset Management Ma stated it has 1.1% of its portfolio in Facebook Inc (NASDAQ:FB). Moreover, Artemis Invest Management Limited Liability Partnership has 1.33% invested in Facebook Inc (NASDAQ:FB). Adell Harriman And Carpenter Inc has 54,521 shares. Palo Cap reported 0.79% in Facebook Inc (NASDAQ:FB). Omega Advsr has invested 1.49% in Facebook Inc (NASDAQ:FB). Nicholas Inv Prtn Ltd Partnership reported 13,365 shares. 4,600 are held by Broadview Advisors. Sigma Planning has 48,168 shares. Naples Glob Advsr Ltd Com invested in 0.59% or 10,937 shares. Advsrs Capital Mngmt Ltd Co accumulated 1,574 shares. Princeton Capital Management has 2.05% invested in Facebook Inc (NASDAQ:FB) for 21,545 shares. Farallon Ltd Limited Liability Company stated it has 2.31 million shares. Scholtz And Com Ltd Com reported 7,137 shares.

Since May 15, 2017, it had 0 insider buys, and 14 sales for $147.86 million activity. Schroepfer Michael Todd had sold 37,922 shares worth $5.71 million on Tuesday, June 13. Shares for $18.75M were sold by Zuckerberg Mark on Friday, June 9. 750 shares valued at $113,850 were sold by Stretch Colin on Tuesday, May 30. On Monday, May 15 Koum Jan sold $88.97M worth of Facebook Inc (NASDAQ:FB) or 594,246 shares. The insider Wehner David M. sold $2.30M. 16,000 shares were sold by Cox Christopher K, worth $2.37M on Monday, May 22.

Facebook (NASDAQ:FB) Rating Reaffirmed

Investment analysts at Citigroup now has a $210 target price on Facebook (NASDAQ:FB). Citigroup and their recent target price suggests a potential upside of 17.81 % from the company’s previous close. The rating has been disclosed in an analyst report on Thursday morning.

Investors sentiment increased to 1.4 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold Facebook Inc shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported.

Callahan Advsrs Lc has invested 1.75% of its portfolio in Facebook Inc (NASDAQ:FB). Amer Natl Registered Invest Advisor Incorporated has invested 1.12% of its portfolio in Facebook Inc (NASDAQ:FB). Congress Asset Management Ma stated it has 1.1% of its portfolio in Facebook Inc (NASDAQ:FB). Moreover, Artemis Invest Management Limited Liability Partnership has 1.33% invested in Facebook Inc (NASDAQ:FB). Adell Harriman And Carpenter Inc has 54,521 shares. Palo Cap reported 0.79% in Facebook Inc (NASDAQ:FB). Omega Advsr has invested 1.49% in Facebook Inc (NASDAQ:FB). Nicholas Inv Prtn Ltd Partnership reported 13,365 shares. 4,600 are held by Broadview Advisors. Sigma Planning has 48,168 shares. Naples Glob Advsr Ltd Com invested in 0.59% or 10,937 shares. Advsrs Capital Mngmt Ltd Co accumulated 1,574 shares. Princeton Capital Management has 2.05% invested in Facebook Inc (NASDAQ:FB) for 21,545 shares. Farallon Ltd Limited Liability Company stated it has 2.31 million shares. Scholtz And Com Ltd Com reported 7,137 shares.

Since May 15, 2017, it had 0 insider buys, and 14 sales for $147.86 million activity. Schroepfer Michael Todd had sold 37,922 shares worth $5.71 million on Tuesday, June 13. Shares for $18.75M were sold by Zuckerberg Mark on Friday, June 9. 750 shares valued at $113,850 were sold by Stretch Colin on Tuesday, May 30. On Monday, May 15 Koum Jan sold $88.97M worth of Facebook Inc (NASDAQ:FB) or 594,246 shares. The insider Wehner David M. sold $2.30M. 16,000 shares were sold by Cox Christopher K, worth $2.37M on Monday, May 22.

Facebook Inc (NASDAQ:FB) Ratings Coverage

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook has $235.0 highest and $88 lowest target. $181.98’s average target is 2.09% above currents $178.26 stock price. Facebook had 207 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, April 28 the stock rating was maintained by Cowen & Co with “Outperform”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, April 28. The stock has “Buy” rating by Canaccord Genuity on Monday, October 30. M Partners maintained Facebook Inc (NASDAQ:FB) rating on Monday, July 17. M Partners has “Buy” rating and $18000 target. The stock has “Buy” rating by Goldman Sachs on Friday, July 21. The stock of Facebook Inc (NASDAQ:FB) has “Buy” rating given on Thursday, July 30 by Needham. Credit Suisse maintained Facebook Inc (NASDAQ:FB) on Wednesday, October 11 with “Buy” rating. Pivotal Research maintained it with “Buy” rating and $157 target in Thursday, April 28 report. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, November 3 report. The stock of Facebook Inc (NASDAQ:FB) earned “Buy” rating by Pivotal Research on Thursday, November 5.

About 3.24M shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since November 14, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Investors wait Facebook Inc (NASDAQ:FB) to report on February, 7. its quarterly earnings Wall Street analysts expect $1.94 EPS, up $0.70 or 56.45 % from last year’s $1.24 same quarter earnings. This translates into $5.64 billion profit for FB giving the stock a 22.97 P/E. This is assuming the current $1.94 EPS is accurate. Facebook Inc’s Wall Street analysts see 22.01 % EPS growth, taking into account the $1.59 EPS reproted in the previous quarter,

Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The company has market cap of $518.00 billion. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. It has a 33.14 P/E ratio. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Forbes.com which released: “Earnings Preview: What To Expect From Facebook On Wednesday” on October 27, 2017, also Fool.com with their article: “Facebook, Inc.’s Revenue and Profits Surge” published on November 02, 2017, Valuewalk.com published: “Facebook Inc Supports FEC Program To Make Political Ads More Transparent” on November 14, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “Why Facebook Inc Stock Will Head to Over $200” published on November 08, 2017 as well as Fool.com‘s news article titled: “Facebook’s active advertisers” with publication date: November 08, 2017.

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