BTIG Research Upgrades Facebook Inc to Buy

Brokerage firm BTIG Research Upgrades its rating on Facebook Inc(FB). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at BTIG Research was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 2, 2017, Pivotal Research said it Downgrades its rating on Facebook Inc. The shares have been rated ‘Hold’ by the firm. On Jan 19, 2017, Pacific Crest said it Reinstates its rating on Facebook Inc. In the research note, the firm Announces the price-target to $150 per share. The shares have been rated ‘Overweight’ by the firm. Aegis Capital said it Initiates Coverage On Facebook Inc, according to a research note issued on Jan 3, 2017. In the research note, the firm Announces the price-target to $150 per share. The shares have been rated ‘Buy’ by the firm.

Facebook Inc (FB) made into the market gainers list on Fridays trading session with the shares advancing 0.58% or 0.81 points. Due to strong positive momentum, the stock ended at $140.34, which is also near the day’s high of $141.0244. The stock began the session at $140.08 and the volume stood at 1,66,64,683 shares. The 52-week high of the shares is $142.3082 and the 52 week low is $106.31. The company has a current market capitalization of $405,580 M and it has 2,88,99,81,300 shares in outstanding.

Facebook Inc(FB) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $8.809B. Analysts had an estimated revenue of $8.490B. Earnings per share were $1.41. Analysts had estimated an EPS of $1.3.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, Jan Koum (director) sold 2,123,302 shares at $140.03 per share price.Also, On Mar 17, 2017, Sheryl Sandberg (Chief Operating Officer) sold 327,000 shares at $139.40 per share price.On Mar 16, 2017, Colin Stretch (VP and General Counsel) sold 750 shares at $139.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Facebook Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people marketers and developers. It offers various platforms for people to share their opinions ideas photos and videos and to engage in other activities. Its products include Facebook Instagram Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect share discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS Android BlackBerry Windows Phone and Nokia devices.

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