Facebook (NASDAQ:FB) Receives Lower Rating From Stifel. What’s The Reasoning Behind This Move?

Facebook, Inc. (NASDAQ:FB) Logo

Investors sentiment increased to 1.09 in 2018 Q2. Its up 0.22, from 0.87 in 2018Q1. It improved, as 78 investors sold Facebook, Inc. shares while 660 reduced holdings. 187 funds opened positions while 614 raised stakes. 1.66 billion shares or 0.70% more from 1.65 billion shares in 2018Q1 were reported.

South State stated it has 0.1% of its portfolio in Facebook, Inc. (NASDAQ:FB). Sustainable Growth Advisers Limited Partnership invested 0.02% in Facebook, Inc. (NASDAQ:FB). Selz Ltd Limited Liability Company invested in 0.37% or 12,000 shares. Telemark Asset Management Limited Liability Company holds 2.2% or 90,000 shares. Pictet North America Advisors Sa owns 103,421 shares for 2.99% of their portfolio. Sequoia Fin Advsrs Limited Liability Com holds 0.32% in Facebook, Inc. (NASDAQ:FB) or 15,291 shares. Chieftain Mngmt Inc reported 686,435 shares. Kings Point Mgmt holds 0.11% or 2,758 shares. The Massachusetts-based Prio Wealth Limited Partnership has invested 2.27% in Facebook, Inc. (NASDAQ:FB). Summit Asset Ltd Limited Liability Company has 0.12% invested in Facebook, Inc. (NASDAQ:FB). Atalanta Sosnoff Capital Lc holds 469,440 shares or 3% of its portfolio. Moreover, Td Cap Lc has 0.04% invested in Facebook, Inc. (NASDAQ:FB). Brown Advisory Incorporated reported 3.64M shares or 2.17% of all its holdings. Lvm Capital Management Limited Mi accumulated 0.05% or 1,159 shares. Wunderlich Capital Managemnt owns 11,025 shares for 1.49% of their portfolio.

Since June 6, 2018, it had 0 insider buys, and 84 selling transactions for $2.22 billion activity. 750 shares were sold by Stretch Colin, worth $117,840 on Wednesday, October 10. The insider Zuckerberg Mark sold 517,000 shares worth $101.19 million. 55,000 shares valued at $10.75 million were sold by Sandberg Sheryl on Thursday, June 28. $7.31M worth of stock was sold by Schroepfer Michael Todd on Tuesday, June 12. Wehner David M. had sold 4,761 shares worth $671,777 on Thursday, November 15. Another trade for 1,560 shares valued at $236,371 was sold by FISCHER DAVID B..

Facebook (NASDAQ:FB) Receives a Downgrade

In a report issued to clients and investors on 6 December, professional analysts at Stifel’s equity division lowered the rating for Facebook (NASDAQ:FB) shares from the previous Buy to a Hold.

Facebook, Inc. (NASDAQ:FB) Ratings Coverage

Among 20 analysts covering Facebook (NASDAQ:FB), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Facebook has $265 highest and $15000 lowest target. $189.42’s average target is 40.56% above currents $134.76 stock price. Facebook had 35 analyst reports since June 11, 2018 according to SRatingsIntel. Canaccord Genuity maintained the shares of FB in report on Wednesday, October 31 with “Buy” rating. UBS downgraded Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 26. UBS has “Neutral” rating and $180 target. The stock has “Outperform” rating by Credit Suisse on Monday, July 16. BMO Capital Markets maintained it with “Market Perform” rating and $175 target in Wednesday, October 31 report. The firm earned “Overweight” rating on Thursday, July 26 by Morgan Stanley. The firm earned “Outperform” rating on Friday, July 13 by Cowen & Co. The stock has “Neutral” rating by Nomura on Thursday, July 26. The firm has “Outperform” rating given on Thursday, July 26 by Raymond James. Stifel Nicolaus maintained Facebook, Inc. (NASDAQ:FB) rating on Friday, July 20. Stifel Nicolaus has “Buy” rating and $242 target. The stock has “Buy” rating by Citigroup on Wednesday, October 31.

The stock decreased 2.30% or $3.17 during the last trading session, reaching $134.76. About 6.03 million shares traded. Facebook, Inc. (NASDAQ:FB) has declined 6.34% since December 6, 2017 and is downtrending. It has underperformed by 21.96% the S&P500.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on January, 30. They expect $2.16 EPS, down 1.82 % or $0.04 from last year’s $2.2 per share. FB’s profit will be $6.21B for 15.60 P/E if the $2.16 EPS becomes a reality. After $1.76 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.73 % EPS growth.

Facebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company has market cap of $387.26 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 20.31 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.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Seekingalpha.com which released: “Is Facebook Undervalued? – Seeking Alpha” on November 12, 2018, also Seekingalpha.com with their article: “Report: Facebook hired Republican strategy firm – Seeking Alpha” published on November 30, 2018, Seekingalpha.com published: “Facebook board backs COO Sandberg on Soros approach – Seeking Alpha” on December 05, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “France will tax digital giants from 2019 – Seeking Alpha” published on December 06, 2018 as well as Seekingalpha.com‘s news article titled: “Facebook Is Not Wrong About Everything – Seeking Alpha” with publication date: November 29, 2018.

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

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