Facebook Inc. (FB) Looks Ready for Growth Despite 43.07% Change This Year

Facebook Inc. (NASDAQ: FB) is 43.07% higher on its value in year-to-date trading and has touched a low of $137.10 and a high of $304.67 in the current 52-week trading range. The FB stock was last observed hovering at around $293.22 in the last trading session, with the day’s gains setting it 0.44% off its average median price target of $295.00 for the next 12 months. It is also 11.01% off the consensus price target high of $330.00 offered by 48 analysts, but current levels are -144.72% lower than the price target low of $120.00 for the same period.

Currently trading at $293.66, the stock is 10.58% and 18.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.09 million and changing 0.15% at the moment leaves the stock 38.45% off its SMA200. FB registered 58.25% gain for a year compared to 6-month gain of 49.49%. The firm has a 50-day simple moving average (SMA 50) of $255.11 and a 200-day simple moving average (SMA200) of $215.03.

The stock witnessed a 25.23% loss in the last 1 month and extending the period to 3 months gives it a 26.63%, and is 9.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.10% over the week and 3.29% over the month.

Facebook Inc. (FB) has around 52534 employees, a market worth around $835.33B and $75.16B in sales. Current P/E ratio is 37.47 and Fwd P/E is 28.93. Profit margin for the company is 31.30%. Distance from 52-week low is 114.19% and -3.61% from its 52-week high. The company has generated returns on investments over the last 12 months (17.40%).

Facebook Inc. (FB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Facebook Inc. (FB) is a “Buy”. 48 analysts offering their recommendations for the stock have an average rating of 1.80, where 6 rate it as a Hold and 3 think it is a “Overweight”. 37 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Facebook Inc. is expected to release its quarterly report on 10/28/2020 and quarterly earnings per share for the current quarter are estimated at $1.87 with sales reaching $19.69B over the same period.The EPS is expected to shrink by -15.10% this year, but quarterly earnings will post 13.30% year-over-year. Quarterly sales are estimated to grow 11.50% in year-over-year returns.

Facebook Inc. (FB) Top Institutional Holders

3,459 institutions hold shares in Facebook Inc. (FB), with 18.92M shares held by insiders accounting for 0.66% while institutional investors hold 79.94% of the company’s shares. The shares outstanding are 2.85B, and float is at 2.39B with Short Float at 0.98%. Institutions hold 79.41% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 188.14 million shares valued at $42.72 billion. The investor’s holdings represent 7.83% of the FB Shares outstanding. As of Jun 29, 2020, the second largest holder is Blackrock Inc. with 161.27 million shares valued at $36.62 billion to account for 6.71% of the shares outstanding. The other top investors are FMR, LLC which holds 124.03 million shares representing 5.16% and valued at over $28.16 billion, while Price (T.Rowe) Associates Inc holds 4.30% of the shares totaling 103.46 million with a market value of $23.49 billion.

Facebook Inc. (FB) Insider Activity

A total of 125 insider transactions have happened at Facebook Inc. (FB) in the last six months, with sales accounting for 54 and purchases happening 71 times. The most recent transaction is an insider sale by Newstead Jennifer, the company’s VP and General Counsel. SEC filings show that Newstead Jennifer sold 426 shares of the company’s common stock on Aug 25 at a price of $272.40 per share for a total of $0.12 million. Following the sale, the insider now owns 4712.0 shares.

Facebook Inc. disclosed in a document filed with the SEC on Aug 21 that Wehner David M. (Chief Financial Officer) sold a total of 11,828 shares of the company’s common stock. The trade occurred on Aug 21 and was made at $268.65 per share for $3.18 million. Following the transaction, the insider now directly holds 22372.0 shares of the FB stock.

Still, SEC filings show that on Aug 19, Taylor Susan J.S. (Chief Accounting Officer) disposed off 1,133 shares at an average price of $261.39 for $0.3 million. The insider now directly holds 4,182 shares of Facebook Inc. (FB).

Facebook Inc. (FB): Who are the competitors?

The company’s main competitors (and peers) include The Meet Group Inc. (MEET) that is trading 81.40% up over the past 12 months. Twitter Inc. (TWTR) is -3.34% down on the 1-year trading charts. Short interest in the company’s stock has fallen -14.27% from the last report on Jul 14, 2020 to stand at a total of 26.67 million short shares sold with a short interest ratio of 0.98.