Facebook's (NASDAQ:FB) Buy Rating Reiterated at Piper Jaffray Companies

Cornelia Mascio
Ottobre 21, 2017

Altalis Capital Management Llc sold 17,211 shares as the company's stock rose 10.08% with the market.

Other hedge funds and other institutional investors have also modified their holdings of the company. Facebook has a 12-month low of $89.37 and a 12-month high of $133.50. The stock had a trading volume of 5,559,780 shares. About 5,694 shares traded. On Monday, May 8 Cox Christopher K sold $2.40 million worth of Facebook Inc (NASDAQ:FB) or 16,000 shares. It has outperformed by 10.05% the S&P500.

Adam Fox decreased its stake in Anthem Inc (ANTM) by 50.86% based on its latest 2017Q2 regulatory filing with the SEC. Following the completion of the sale, the director now owns 6,311 shares of the company's stock, valued at approximately $1,087,069.75. The social networking company reported $1.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.13 by $0.19. The company has market cap of $37.53 billion. About 100 shares traded. It has underperformed by 71.88% the S&P500.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 187 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 28 the stock rating was maintained by Axiom Capital with "Buy". The stock has an average rating of "Buy" and an average target price of $185.38. The stock of Facebook Inc (NASDAQ:FB) has "Buy" rating given on Thursday, July 30 by Monness Crespi & Hardt. The stock has "Buy" rating by Bank of America on Sunday, August 16. The rating was maintained by M Partners with "Buy" on Friday, May 13. Wedbush restated a "buy" rating on shares of Facebook in a research report on Thursday, July 27th. The company was upgraded on Tuesday, March 21 by BTIG Research. Robert W. Baird maintained the shares of FB in report on Thursday, April 28 with "Outperform" rating. Nomura maintained Facebook Inc (NASDAQ:FB) rating on Thursday, April 28. The company has a consensus rating of Buy and an average price target of $150.67. 199.13 million shares or 0.41% less from 199.95 million shares in 2017Q1 were reported. Vanguard Group Inc. increased its stake in Facebook by 3.3% in the second quarter.

More notable recent Facebook Inc (NASDAQ:FB) news were published by: Investorplace.com which released: "Facebook Inc (FB) Stock: It's Clear That the Zuckerberg Honeymoon is Over" on October 11, 2017, also Investorplace.com with their article: "Facebook Inc (FB) Stock and the Trials of Mark Zuckerberg" published on October 12, 2017, Investorplace.com published: "Will Sandberg's Apology Be Enough for Facebook Inc (FB) Stock After Russia ..." on October 16, 2017. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: "Facebook Inc Has Big Catalysts Heading Into Earnings Season and Beyond" published on October 20, 2017 as well as Investorplace.com's news article titled: "Defriend Facebook Inc Until After Earnings" with publication date: October 17, 2017. Mutual of America Capital Management LLC raised its holdings in Facebook by 2.4% in the 1st quarter. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold FB shares while 553 reduced holdings. Institute For Wealth Management Llc invested in 27,951 shares. Mason Street Ltd Liability Com invested 1.24% of its portfolio in Facebook Inc (NASDAQ:FB). Dsc Ltd Partnership holds 5,101 shares. M&T Bancorporation Corp invested in 0.32% or 355,887 shares. Wehner David M. sold $2.30M worth of Facebook Inc (NASDAQ:FB) on Friday, May 19. Facebook Inc (NASDAQ:FB) has risen 26.75% since October 20, 2016 and is uptrending. Grimes Inc has 0.07% invested in Facebook Inc (NASDAQ:FB) for 4,162 shares. Sentry Investments owns 277,050 shares. Tiger Eye Capital Limited Liability Corporation stated it has 4.28% of its portfolio in Facebook Inc (NASDAQ:FB). The Texas-based Crossvault Cap Mgmt Lc has invested 0.32% in Facebook Inc (NASDAQ:FB). Riverpoint Capital Llc owns 18,782 shares. Equities research analysts forecast that Facebook, Inc. will post $5.34 EPS for the current year. During the same period in the previous year, the firm posted $0.97 earnings per share. ANTM's profit will be $638.13 million for 20.12 P/E if the $2.43 EPS becomes a reality. After having $1.32 EPS previously, Facebook Inc's analysts see -3.03 % EPS growth.

Since April 28, 2017, it had 0 insider purchases, and 25 selling transactions for $796.22 million activity. Shares for $111,404 were sold by Stretch Colin on Tuesday, May 23. Galanko William Andrew sold $117 worth of stock or 1 shares.

In related news, insider Jas Athwal sold 14,510 shares of the business's stock in a transaction that occurred on Friday, August 19th. BlackRock Inc. increased its stake in shares of Facebook by 3.0% during the second quarter. 2,093 shares were sold by STEWART MARTA R, worth $255,304.

Investors sentiment increased to 0.87 in Q2 2017. Its down 0.46, from 1.24 in 2017Q1. It turned negative, as 85 investors sold RAD shares while 96 reduced holdings. 50 funds opened positions while 91 raised stakes. It also reduced Costco (NASDAQ:COST) stake by 11,051 shares and now owns 243,734 shares. Wedgewood Pa holds 0.54% or 5,200 shares. Da Davidson accumulated 30,700 shares. Noesis Mangement Corporation has 0.08% invested in Norfolk Southern Corp. Moreover, Welch Grp Limited Liability has 0.03% invested in Norfolk Southern Corp. Pub Employees Retirement Systems Of Ohio holds 0.01% or 468,754 shares. Commerzbank Aktiengesellschaft Fi invested in 10,416 shares. Martingale Asset LP invested in 0.46% or 214,650 shares. Cypress Asset Mgmt Incorporated Tx invested in 0.09% or 2,823 shares.

Westchester Capital Management Llc, which manages about $5.44 billion and $3.34B US Long portfolio, decreased its stake in Blackrock Debt Strategies Fund Inc.by 34,320 shares to 318,149 shares, valued at $3.67 million in 2017Q2, according to the filing. State Street Corp lifted its stake in Facebook by 1.7% in the first quarter.

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