JP Morgan’s Views on Facebook (FB)

Facebook, Inc. (FB) shares are trading higher by 1.20% to $78.99 following comments from JP Morgan’s Doug Anmuth who said [via Benzinga] shares of the online social networking service “remain a top pick 2015 as it is still in the early stages of monetizing its base of 1.4 billion users while also building strong franchises in Instagram, Messenger and WhatsApp.” JPM rates FB shares ‘Overweight’ with $85 price target.

During today’s trading session, FB opened higher and kept printing higher highs for the majority of the morning, before settling into an intraday range of $78.34 to $79.28 with its 52-week range being $54.66 to $82.17. Approximately 8.6 million shares have already changed hands, compared to the stock’s average daily volume of 23.73 million shares.

Fundamentally, FB shows the following financial data:

  • $11.20 billion in cash in most recent quarter
  • $40.18 billion t-12 total assets
  • $36.1 billion total equity
  • $12.47 billion t-12 revenue
  • $2.93 billion annual net income
  • $3.63 billion free cash flow

On valuation measures, Facebook Inc. shares have a T-12 price/sales ratio of 17.53 and a price/book for the same period of 6.01. EPS is $1.07. The name has a market cap of $221.10 billion and a median Wall Street price target of $90.00 with a high target of $107.00. Currently there are 39 analysts that rate FB a ‘Buy’, 6 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’.

In terms of share statistics, Facebook Inc. has a total of 2.24 billion shares outstanding with 3.26% held by insiders and 65.90% held by institutions. The stock’s short interest currently stands at 1.38%, bringing the total number of shares sold short to 28.85 million.

Shares of Menlo Park California-based company are up 15.28% year-over-year and less than one percent year-to-date.

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