Company To Watch : Facebook Inc (NASDAQ:FB)

Facebook Inc (NASDAQ:FB) (TREND ANALYSIS) introduces Facebook Lite. Facebook yesterday introduced Facebook Lite, a new version of Facebook for Android that uses less data and works well across all network conditions. Vijay Shankar, Product Manager for Facebook Lite, commented, “More than a billion people around the world access Facebook from a range of mobile devices on varying networks. In many areas, networks can be slow and not able to support all the functionality found in Facebook for Android. Facebook Lite was built for these situations, giving people a reliable Facebook experience when bandwidth is at a minimum. Facebook Lite is less than 1MB so it is fast to install and quick to load. It includes Facebook’s core experiences like News Feed, status updates, photos, notifications and more. Starting today, we are rolling out Facebook Lite in countries across Asia, and over the coming weeks Facebook Lite will be available in parts of Latin America, Africa and Europe.” :theflyonthewall.com

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Facebook Inc (NASDAQ:FB) stock is currently trading 4.67% below its 52-week-high, 32.79% above its 52-week-low. The 1-year stock price history is in the range of $61.79 – $86.07. Facebook Inc (FB) has a price to earnings ratio of 79.82 versus Technology sector average P/E of 24.67. FB stock price has underperformed the Nasdaq by 0.9%. The Internet Content & Entertainment company is currently valued at $228.43 billion and its share price closed the last trading session at $82.05. The stock has a 50-day moving average of $80.39 and a 200-day moving average of $78.83.

Facebook Inc (FB) current short interest stands at 26.11 million shares. It has decreased by 17% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 18.51 million shares, the number of days required to cover the short positions stand at 1.5 days.

The company is expected to announce next quarter earnings on July 22, at consensus estimate of $0.31. Facebook Inc (FB) reported last quarter earnings on April 22. The Internet Content & Entertainment company announced earnings per share of $0.23 against a consensus Street estimate of $0.24, missing estimate by $0.01. This corresponds to a decrease of $0.01 compared to the same quarter of the previous fiscal year.

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There are currently fifty analysts that cover Facebook Inc stock. Of those fifty, forty-four have a Buy rating, six have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $96.11.

A recent analyst activity consisted of Deutsche Bank reiterating their Buy stance on April 23. Deutsche Bank increased their price target on FB from $90 to $100. This corresponds to a 21.88% upside from the last closing price. On the date of report, the stock closed at $82.41.

JP Morgan reiterated their Overweight stance on the same day, and increased their price target on FB stock from $85 to $100. This corresponds to a 21.88% upside from the last closing price. On the date of report, the stock closed at $82.41.

Another research firm was JMP Securities who reiterated their Market Outperform stance on April 23. JMP Securities increased their price target on Facebook Inc from $97 to $98. This translates to a 19.44% upside from the last closing price. On the date of report, the stock closed at $82.41.

Company profile

Facebook Inc. operates a social networking website. The Company’s website allows people to communicate with their family, friends, and coworkers. Facebook develops technologies that facilitate the sharing of information, photographs, website links, and videos. Facebook users have the ability to share and restrict information based on their own specific criteria.

Company To Watch : Facebook Inc (NASDAQ:FB) was last modified: June 5th, 2015 by Pat Mayfield