Facebook (NASDAQ:FB) Rating Restated
Facebook (NASDAQ:FB) had its Stock rating noted as Buy by analysts at UBS. UBS currently has a $165.0 target price on the $404.94B market cap company or 17.87 % upside potential. This was revealed in an analyst report on Friday morning.
NASDAQ:FB is currently trading -0.10% lower at $139.85 as of 4:00 AM New York time. Facebook’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has increased 13.56% in the same time period.
According to data compiled by Thomson Reuters, Facebook (NASDAQ:FB)’s stock is covered by 44 equity analysts across the Street, with 1 analysts giving it a Sell rating, 46 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $142.2, which reflects an upside potential of 1.68% over the current price.
Millennium Tvp Management Co. Llc had the most significant stake with ownership of 356,895 shares as of Q2 2015 for 46.14% of the US equity exposure. Arrowgrass Capital Partners Llp is another very bullish institutional investor who is owning 1.01 million shares of Facebook or 38.48% of their US equity exposure. Moreover, Parametric Risk Advisors Llc have 37.26% of their US equity exposure invested in the company for 4.31 million shares. The United Kingdom-based fund Parus Finance (Uk) Ltd disclosed it had acquired a stake worth about 24.84% of the institutional investor’s stock portfolio in Facebook. The Connecticut-based fund Glade Brook Capital Partners Llc is also positive about the stock, possessing 1.28 million shares or 22.65% of their US equity exposure.
Facebook (NASDAQ:FB) Profile
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.
Facebook (NASDAQ:FB) traded down -0.10% on 17 March, hitting $139.85. A total of 8.17 million shares of the company’s stock traded hands. This is down from average of 16.65 million shares. Facebook has a 52 week low of $106.31 and a 52 week high of $140.34. The company has a market cap of $404.94 billion and a P/E ratio of 40.26.
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