On Jan. 05, Newstead Jennifer divested U.S. $83,204 in shares of Facebook Inc.. The VP, GC sold 310 shares at a price per share of $268.40. The transaction decreased this specific insider’s holdings to 1,572 shares worth around $0.42 million at present.
Meanwhile, Monness Crespi & Hardt had maintained its rating on FB to the earlier “Buy” rating, in a research note produced for clients October 30, 2020. In addition, there was no change from MoffettNathanson on September 29, 2020. The rater maintained FB to “a Buy” but assigned new target price of $270.
Is Facebook Inc. [NASDAQ:FB] a Good Buy Right Now?
It should be noted that FB technical indicators for short, intermediate as well as long term progress have placed an overall average of 8% as Buy. The average signal changed from 24% Buy in the last week and compares with 100% Buy in the past month. Data from Facebook Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 17.17 million shares in the past 20 days and the short term average signal indicates a 50% Sell. In the last 50 days, the average trading volume was 18.1 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 20.3 million shares.
FB Price Performance
On Wall Street, Facebook Inc. [NASDAQ:FB] finished Thursday’s session up 2.06% at $268.74. The stock went up to $271.61 at the same session while its lowest single day price was $264.78. In the last five days, it saw a fall of about -1.15%, Facebook Inc. shares dropped by almost -1.62% since the beginning of the year. However, the share price has dropped to as low as -11.79% below its one year high. On 01/04/21, the company shares recorded $275.00, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $260.01. The company’s shares have inclined by 24.87% in the past year. The 50-day SMA achieved is $275.53 while the 200-day SMA is $245.42. Volume dropped to 15.79 million from 24.35 million in the previous session.
Facebook Inc. [FB] Valuation Measures
Notably, Facebook Inc. [FB] stock cannot be classified as a good candidate in the listing of underestimated low-priced Internet Content & Information companies to purchase soonest possible with the prevailing 12-month PE ratio of 31.87. The measure means the stock is exchanging at a premium as compared to the 30.77x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 9.65 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 4.46 which means FB serve an unattractive investment opportunity compared to its competitors.
FB Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 265.14 level, and in case of violation of this particular level, it will cause more drop to 261.55 level. On the upper level, 275.21 is still the key resistance. The stock may increase to the subsequent resistance at 271.97. The Relative Strength Index (RSI) pinned on the 14-day chart is 45.60, implying a neutral technical stance while the MACD stands at -3.54, meaning price will decrease in the next trading period. Percent R indicator moved to 57.41%, implying low price movement. Stochastic %K at 32.87% suggest holding the stock.
What is the short interest in Facebook Inc.?
Short interest in the Facebook Inc. stock has surged, increasing by 2.71 million shares to total 23.23 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 25.94 million, data from Yahoo Finance shows. The decrease of -11.67% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 0.97% of the overall float for the stock.
Facebook Inc.’s Biggest Shareholders: Who Owns Facebook Inc. [FB]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 174,203,021 shares or roughly 7.25% of the outstanding FB shares. This means their shares have reduced by -2,229,833 from the 174,203,021 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Management & Research Co updated stake is worth $33,008,214,111. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.81% stake valued at $29,301,115,516 while T. Rowe Price Associates, Inc. cut theirs at $27,925,787,468. During the last quarter, BlackRock Fund Advisors liquidated -1,947,591 of its shares in Facebook Inc. while T. Rowe Price Associates, Inc. sold -2,634,060 shares. The SSgA Funds Management, Inc.’s holdings currently number 95,518,219 shares at $25669566174.1. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 54,711,740 shares, roughly $15,153,510,628.
FB Earnings Forecast For The Current Quarter
Facebook Inc. [FB] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $26.29B and an earnings per share of $3.19 for Dec 2020. Looking further ahead, the company is expected to report revenue of $22.12B at an EPS of $2.07 for Mar 2021. The estimates represent upside of 23.90% and 12.21% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
FB Earnings Estimates For The Current Year
For the financial year, Facebook Inc. [NASDAQ:FB] is expected to bring in revenue of $84B. The returns are nearly $13.3 billion higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 9.35, higher than that of FY19 by $2.92. Estimates put this year’s earnings growth at 45.40%, 12.20% for the next, and at an annual 16.60% over the next 5-year period. As for sales, forecasts are for an increase of 18.80% in the current fiscal year and a further 23.90% over the following year.
What are analyst thoughts on Facebook Inc.?
Looking forward to the Facebook Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Facebook Inc. stock at $330.00 within the next 12 months, which represents almost 18.56 per cent growth from its previous closing price of $268.74. The highest analysts’ target for Facebook Inc. stock projections is $397.00 and the lowest one is $205.00. Still, 49 analysts sharing their consensus rating for FB stock in 2021 agree that it is a Buy.