Facebook Inc (NASDAQ:FB) 2019 Q2 Sentiment Change

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Sentiment for Facebook Inc (NASDAQ:FB)

Facebook Inc (NASDAQ:FB) institutional sentiment increased to 1.19 in 2019 Q2. Its up 0.04, from 1.15 in 2019Q1. The ratio is better, as 767 investment managers increased or started new equity positions, while 645 reduced and sold their equity positions in Facebook Inc. The investment managers in our partner’s database now hold: 1.72 billion shares, up from 1.69 billion shares in 2019Q1. Also, the number of investment managers holding Facebook Inc in their top 10 equity positions increased from 275 to 330 for an increase of 55. Sold All: 45 Reduced: 600 Increased: 597 New Position: 170.

Facebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company has market cap of $534.04 billion. The Company’s solutions include Facebook Website and mobile application that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers; Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application to communicate with people and businesses across platforms and devices; and WhatsApp Messenger, a mobile messaging application. It has a 31.66 P/E ratio. The firm also offers Oculus virtual reality technology and content platform, which allow people to enter an immersive and interactive environment to play games, consume content, and connect with others.

The stock decreased 0.15% or $0.28 during the last trading session, reaching $187.19. About 9.81M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 13.54% since September 13, 2018 and is uptrending. It has outperformed by 13.54% the S&P500.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on October, 29. They expect $1.94 EPS, up 10.23 % or $0.18 from last year’s $1.76 per share. FB’s profit will be $5.53B for 24.12 P/E if the $1.94 EPS becomes a reality. After $0.91 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 113.19 % EPS growth.

Altimeter Capital Management Lp holds 19.84% of its portfolio in Facebook, Inc. for 3.75 million shares. Parus Finance (Uk) Ltd owns 220,178 shares or 19.45% of their US portfolio. Moreover, Deccan Value Investors L.P. has 17.86% invested in the company for 1.08 million shares. The California-based Evanson Asset Management Llc has invested 17.7% in the stock. Cryder Capital Partners Llp, a United Kingdom-based fund reported 595,788 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $4.05 million activity.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Ratings analysis reveals 89% of Facebook’s analysts are positive. Out of 9 Wall Street analysts rating Facebook, 8 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $155 while the high is $24500. The stock’s average target of $210.70 is 12.56% above today’s ($187.19) share price. FB was included in 24 notes of analysts from March 14, 2019. The stock of Facebook, Inc. (NASDAQ:FB) has “Overweight” rating given on Tuesday, April 9 by Morgan Stanley. JMP Securities maintained it with “Buy” rating and $220 target in Wednesday, June 19 report. Credit Suisse maintained it with “Buy” rating and $235 target in Wednesday, June 19 report. The firm has “Buy” rating by Mizuho given on Monday, March 18. Bank of America maintained it with “Buy” rating and $187 target in Monday, March 18 report. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Wednesday, June 19 by Morgan Stanley. M Partners maintained the shares of FB in report on Wednesday, March 20 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) earned “Hold” rating by Stifel Nicolaus on Thursday, March 14. Oppenheimer maintained the stock with “Buy” rating in Monday, June 24 report. Guggenheim upgraded Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 4. Guggenheim has “Buy” rating and $200 target.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Livetradingnews.com which released: “Facebook, Inc. (NASDAQ:FB) Dating Yet Another Positive Catalyst – Live Trading News” on September 11, 2019, also Seekingalpha.com with their article: “Facebook Revenue Limit Still Far From Being Reached – Seeking Alpha” published on September 10, 2019, Nasdaq.com published: “FB Stock Will Thrive From Focusing on Its True Competition – Nasdaq” on August 30, 2019. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Cash-Rich Facebook Will Get Cash Richer – Seeking Alpha” published on September 11, 2019 as well as Seekingalpha.com‘s news article titled: “FB, European publishers team for Watch shows – Seeking Alpha” with publication date: September 05, 2019.

Facebook, Inc. (NASDAQ:FB) Institutional Positions Chart

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