Today Credit Suisse Reaffirms a Outperform Rating on Facebook (NASDAQ:FB) and a $265 Target Price

July 16, 2018 - By Carolyn Hewitt

Facebook, Inc. (NASDAQ:FB) Logo

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.34, from 1.21 in 2017Q4. It dived, as 145 investors sold Facebook, Inc. shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported.

The California-based Osterweis Cap Mngmt has invested 1.55% in Facebook, Inc. (NASDAQ:FB). Blume Mgmt holds 3,085 shares. Bank & Trust Of Hawaii owns 30,566 shares or 0.41% of their US portfolio. Rench Wealth Management Inc invested in 0.24% or 2,200 shares. Northeast Fincl Consultants Incorporated has invested 0.07% in Facebook, Inc. (NASDAQ:FB). Glynn Cap Management Ltd Liability Com reported 177,559 shares. Fin Counselors Incorporated reported 97,068 shares. Dragoneer Inv Grp Limited Liability holds 11.31% or 499,463 shares in its portfolio. Colonial Trust invested 0.04% of its portfolio in Facebook, Inc. (NASDAQ:FB). Raab & Moskowitz Asset Ltd Llc reported 0.42% in Facebook, Inc. (NASDAQ:FB). Private Asset Mgmt Incorporated has invested 0.04% in Facebook, Inc. (NASDAQ:FB). Moreover, Hanson And Doremus Inv has 0.03% invested in Facebook, Inc. (NASDAQ:FB). 3G Partners Lp reported 183,338 shares. Hancock holds 3,014 shares. Plancorp Limited Liability Corporation stated it has 1,928 shares or 0.1% of all its holdings.

Since January 26, 2018, it had 0 buys, and 88 sales for $4.06 billion activity. Zuckerberg Mark sold 457,000 shares worth $83.74 million. Another trade for 38,050 shares valued at $6.64 million was sold by Schroepfer Michael Todd. The insider Wehner David M. sold 14,901 shares worth $2.66M. The insider Stretch Colin sold 750 shares worth $149,385. Sandberg Sheryl had sold 55,000 shares worth $9.18 million on Wednesday, April 18. Shares for $2.06M were sold by Cox Christopher K.

Facebook (NASDAQ:FB) Rating Reaffirmed

In an analyst note issued to investors and clients this morning, Credit Suisse reconfirmed their Outperform rating on Facebook (NASDAQ:FB) shares. The target price per share means a possible upside of 27.53 % from company’s current price.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 30 analysts covering Facebook Inc (NASDAQ:FB), 27 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Facebook Inc has $275 highest and $168 lowest target. $228.21’s average target is 9.83% above currents $207.79 stock price. Facebook Inc had 58 analyst reports since January 25, 2018 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Sunday, April 8 by Jefferies. The firm earned “Overweight” rating on Thursday, April 26 by Morgan Stanley. Deutsche Bank maintained the shares of FB in report on Monday, January 29 with “Buy” rating. Canaccord Genuity maintained the shares of FB in report on Wednesday, January 31 with “Buy” rating. The company was maintained on Wednesday, May 2 by Monness. As per Thursday, February 1, the company rating was maintained by Robert W. Baird. SunTrust maintained the stock with “Buy” rating in Tuesday, March 20 report. KeyBanc Capital Markets maintained Facebook, Inc. (NASDAQ:FB) on Thursday, February 1 with “Overweight” rating. Deutsche Bank maintained Facebook, Inc. (NASDAQ:FB) on Wednesday, June 6 with “Buy” rating. The company was maintained on Friday, July 13 by Barclays Capital.

The stock increased 0.23% or $0.47 during the last trading session, reaching $207.79. About 6.99M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since July 16, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.73 earnings per share, up 31.06 % or $0.41 from last year’s $1.32 per share. FB’s profit will be $5.01B for 30.03 P/E if the $1.73 EPS becomes a reality. After $1.69 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 2.37 % EPS growth.

Facebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company has market cap of $601.48 billion. The Company’s solutions include Facebook Website and mobile application that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers; Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application to communicate with people and businesses across platforms and devices; and WhatsApp Messenger, a mobile messaging application. It has a 34.4 P/E ratio. The firm also offers Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: which released: “How Facebook Stacks Up Against Google” on July 14, 2018, also with their article: “Chinese Stocks in a Trade War: JD.Com and Weibo” published on July 16, 2018, published: “Why Have Facebook, Inc. Shares Gained 10% in 2018?” on July 16, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: and their article: “Facebook, Inc. (NASDAQ:FB) SEC probing Facebook on timing of data-leak disclosures” published on July 13, 2018 as well as‘s news article titled: “Facebook, Inc. (NASDAQ:FB) Valuations Are Baffling” with publication date: July 16, 2018.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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