Pivotal Research Downgrades Facebook, Inc. (FB) to Sell

Facebook, Inc. (NASDAQ:FB) was downgraded by investment analysts at Pivotal Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, August 8th.

FB has been the subject of a number of other research reports. Canaccord Genuity reissued a “buy” rating and issued a $175.00 price objective on shares of Facebook in a research report on Friday, June 16th. Vetr cut Facebook from a “buy” rating to a “hold” rating and set a $156.06 price objective for the company. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 price objective on Facebook and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Instinet reaffirmed a “buy” rating and set a $165.00 price target on shares of Facebook in a research report on Saturday, April 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have given a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $183.47.

Facebook (NASDAQ FB) traded up 0.30% on Tuesday, reaching $167.41. 15,093,638 shares of the company traded hands. Facebook has a one year low of $113.55 and a one year high of $175.49. The firm has a 50 day moving average of $163.85 and a 200-day moving average of $148.79. The stock has a market capitalization of $486.19 billion, a PE ratio of 37.47 and a beta of 0.70.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The business had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the business posted $0.97 EPS. The business’s revenue was up 44.8% compared to the same quarter last year. On average, analysts anticipate that Facebook will post $5.33 EPS for the current year.

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In related news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $148.54, for a total transaction of $111,405.00. Following the sale, the vice president now owns 90,656 shares of the company’s stock, valued at approximately $13,466,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Thiel sold 60,316 shares of Facebook stock in a transaction on Friday, July 28th. The stock was sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the sale, the director now directly owns 6,311 shares in the company, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. Insiders have sold a total of 12,702,398 shares of company stock worth $2,054,828,660 in the last 90 days. Company insiders own 19.08% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI increased its stake in Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock valued at $102,000 after buying an additional 120 shares during the last quarter. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares in the last quarter. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter worth $121,000. Finally, Cable Hill Partners LLC increased its stake in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares in the last quarter. 57.40% of the stock is owned by institutional investors.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Analyst Recommendations for Facebook (NASDAQ:FB)

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