Facebook's (NASDAQ:FB) Buy Rating Reaffirmed at Royal Bank of Canada

Facebook's (NASDAQ:FB) Buy Rating Reaffirmed at Royal Bank of Canada

Pinnacle Financial Partners Inc. grew its holdings in shares of Facebook, Inc. Baskin Fincl reported 66,644 shs or 2.23% of all its holdings. Cypress Asset Mngmt Tx reported 0.11% stake. Genesee Valley Trust invested in 17,665 shs.

Mastagni's op-ed follows other sharp critiques of Facebook's governance from big pension funds in recent months as the social media giant has navigated the fallout of its Cambridge Analytica crisis. Nomura Asset Com holds 1.49% or 727,576 shs. Charter Tru accumulated 2,007 shares or 0.04% of the stock.

Since December 7, 2017, it had 0 insider buys, and 48 selling transactions for $1.73 billion activity.

"When Facebook changed its structure to take public money in, they should have changed their structure to a more open board structure, and we think that there's a problem with having one person in charge of the company", he added.

CalSTRS is the third Facebook investor to call for a change to the way the company is run, following interventions from Illinois' Treasurer Michael Frerichs and New York City Comptroller Scott Stringer. (NASDAQ:FB) or 38,050 shs. (FB) sells 15,013,667 products and the price per piece now is $185.07, while the change stands at 1.32%. Investors holded 1.63 billion in 2017Q3 but now own 1.61 billion shares or 1.26% less. Facebook Inc has $528.73B market cap. The social networking company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.24. The stock underperformed the S&P 500 by 3.07%. The company's stock declined 14.10% with the market as Hl Financial Services Llc bought 30,324 shares.

First Trust Advisors Lp, which manages about $85.44B and $42.00 billion US Long portfolio, decreased its stake in Centerpoint Energy Inc (NYSE:CNP) by 121,327 shares to 548,706 shares, valued at $15.56 million in 2017Q4, according to the filing. By buying 30,324 shares Hl Financial Services Llc made the stock sank with 14.10%. Facebook, Inc. has a fifty-two week low of $182.51 and a fifty-two week high of $186.12. Armbruster Capital Management Inc. now owns 573 shares of the social networking company's stock valued at $101,000 after buying an additional 448 shares during the period.

"CalSTRS, with a portfolio of more than $220 billion, 54% of which is passively indexed, expects that when a company turns from being a private enterprise to one that is publicly traded, its governance should evolve in line with its status", wrote portfolio manager Aeisha Mastagni.

Co lifted its stake in Facebook, Inc. For the most recent quarter, quick ratio was 9.9, current ratio was 9.9, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio stands at 0, while Payout ratio is 0. (NASDAQ:FB) news published briefly go to: Seekingalpha.com, Benzinga.com, Benzinga.com, Seekingalpha.com or Investorplace.com. The positive are 94%. (NASDAQ:FB). Renaissance Technologies Ltd has 389,700 shares. Facebook now has an average rating of "Buy" and an average price target of $217.37.

Facebook is asking users in Europe which news sources they trust to help it gauge whether to extend a change to its News Feed that it made in the United States earlier this year, created to filter out misinformation.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold.

Several equities analysts have issued reports on the company. (NASDAQ:FB) has "Buy" rating given by Monness. On Monday, March 26 the firm has "Outperform" rating given by Robert W. Baird.

As of December 2017, CalSTRS owned $650.4 million in Facebook stock, CNBC reported. In Thursday, February 1 report Mizuho maintained the stock with "Buy" rating. On Tuesday, March 20 the firm earned "Buy" rating by SunTrust. The rating was maintained by Barclays Capital on Thursday, February 1 with "Overweight". On Thursday, February 1 Bank of America upgraded Facebook, Inc. (NASDAQ:FB) on Friday, January 26. As per Thursday, April 28, the company rating was maintained by Jefferies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related Articles