Shares of Facebook, Inc. (NASDAQ:FB) [Trend Analysis] slightly up 0.45% to day stop at $129.23 on Wednesday, as reported that it has been ordered by a German privacy regulator to stop collecting and storing data of German users of its messaging app WhatsApp, according to BBC. The Hamburg Commissioner for Data Protection and Freedom of Information stated that the social network had not obtained effective authorization from WhatsApp’s 35 million German users.
Facebook purchased WhatsApp for $19 billion in 2014 as a way to reach out to a younger audience. It is to appeal against order. It stated in a statement that they will work with Hamburg DPA in an effort to address their questions as well as resolve any concerns. Excerpt: “Following the acquisition of WhatsApp by Facebook two years ago, both parties have publicly assured that data will not be shared among them. The fact that this is now happening is not only a misleading of their users and the public, but also constitutes an infringement of national data protection law.”
On the other side, Facebook COO Sheryl Sandberg highlights mounting time spent on mobile, increased mobile engagement and advancing mobile technologies enabling devices to do more (video, 360-degree photos noted) as contributing to advertisers’ growing participation on the platform. The update comes less than a week following Facebook (FB) took criticism for miscomputing average viewing time ad figures.
Sharp Analysts Estimate Trends
Lets us look over what analysts have to say about performance of the FB. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $0.96 as compared to the next year Q1 current trend of $1.24. While on annual basis the current EPS estimates trend for FY 2017 came in for $5.04 as compared to three months ago $5.02.
The stock prices target chart showed high target of 185.00 kept by analysts at WSJ while the average price target was for 154.37 as compared to current price of 128.69. Somehow, the stock managed to gain BUY ratings by 37″ Analysts in current tenure as 4 analysts having overweight ratings, 6 recommend as HOLD, and 1 gave it as a SELL security for current period. Overall, the consensus ratings were for Buy by the pool of analysts.
Facebook, Inc. (NASDAQ:FB) regains street interests, as shares moved up 0.42% on Wednesday and it traded at $129.23. The 52-week high of the share price is -2.08% and 52-week low of the share price is 50.76%.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 12.20 as compared to its debt to equity ratio stands at 0.01. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 17.10%. Investors looking further ahead will note that the Price to next year’s EPS is 28.51%.
As for as concerns shares volumes, in share capital Facebook, Inc. (NASDAQ:FB) has 2871.66 million outstanding shares among them 2246.31 million shares have been floated in market exchange. The firm’s institutional ownership remained 71.60% while insider ownership included 0.30%.
The stock showed weekly upbeat performance of 0.04%, which maintained for the month at 2.98%. Likewise, the positive performance for the quarter recorded as 14.19% and for the year was 44.26%, while the YTD performance remained at 22.96%.