Facebook Inc (NASDAQ:FB) Head of HR, Lori Matloff Goler, on Wednesday announced that the company would now be offering new fathers four full months of paternity leave — all paid.
In a post on Facebook on Wednesday, Goler wrote:
“I am proud to announce today that we are extending our parental leave policy for full time employees to cover four months of paid baby leave for all new parents, no matter their gender or where in the world they live. This expanded benefit primarily affects new fathers and people in same-sex relationships outside the U.S. It will not alter the existing maternity leave currently available to all employees worldwide.”
“Our approach to benefits at Facebook is to support our employees and the people who matter most to them. We want to be there for our people at all stages of life, and in particular we strive to be a leading place to work for families. An important part of this is offering paid parental or ‘baby’ leave.”
The stock closed at $105.41 during the last session. It is down 29.29% since April 24, 2015 and is uptrending. It has outperformed by 30.42% the S&P500.
Out of 33 analysts covering Facebook (NASDAQ:FB), 32 rate it “Buy”, 1 “Sell”, while 0 “Hold”. This means 97% are positive. $155.0 is the highest target while $88 is the lowest. The $122.65 average target is 16.36% above today’s ($105.41) stock price. Facebook was the topic in 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Argus Research maintained the stock on November 6 with “Buy” rating. Morgan Stanley maintained it with “Overweight” rating and $120 target price in a November 5 report. Canaccord Genuity maintained the shares of FB in a report on November 5 with “Buy” rating. Credit Suisse maintained the firm’s rating on November 5. Credit Suisse has “Outperform” rating and $135 price target. Finally, Jefferies maintained the stock with “Buy” rating in a November 5 report.
The institutional sentiment increased to 1.72 in Q2 2015. Its up 0.19, from 1.53 in 2015Q1. The ratio is positive, as 63 funds sold all Facebook Inc shares owned while 356 reduced positions. 143 funds bought stakes while 579 increased positions. They now own 1.51 billion shares or 2.84% less from 1.56 billion shares in 2015Q1.
Millennium Tvp Management Co. Llc holds 63.75% of its portfolio in Facebook Inc for 776,552 shares. Sc Us (Ttgp) Ltd. owns 1.04 million shares or 42.21% of their US portfolio. Moreover, Parametric Risk Advisors Llc has 40.65% invested in the company for 7.15 million shares. The California-based Technology Crossover Management Vi L.L.C. has invested 37.88% in the stock. Meritech Capital Associates Iii L.L.C., a California-based fund reported 1.07 million shares.
Since February 25, 2015, the stock had 0 buys, and 62 selling transactions for $216.83 million net activity. Athwal Jas sold 30,000 shares worth $3.06 million. Stretch Colin sold 1,000 shares worth $98,710. Cox Christopher K sold 5,778 shares worth $561,622. Schroepfer Michael Todd sold 31,283 shares worth $3.00M. The insider Fischer David B. sold 15,000 shares worth $1.43 million.
Facebook, Inc. is a social networking company. The company has a market cap of $298.10 billion. The Firm is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It has 105.9 P/E ratio. It offers various services focused on people, marketers and developers.