I’m sure you have all wished in the past that you could be watching a particular game with your friends, but instead were stuck on the couch by yourself. Well, Facebook Inc (NASDAQ:FB) wants to change all of this, and has just unveiled Facebook Sports Stadium in order to connect you with your friends around the world during your favorite game. The new offering by Facebook Inc (NASDAQ:FB) will allow you to do all of the following:
– Access live score and play-by-play
– Read posts from friends and their comments on each play
– Post your own commentary on the game and access commentary from the experts.
Everything is in one place to make the game experience more enjoyable and provide further engagement via a second screen. Facebook Sports Stadium will launch for this week’s American football Conference Champioships, and new features will roll out with time.
The stock is up 1.18% or $1.11 following the news, hitting $95.46 per share. About 19.04 million shares traded hands. FB has risen 16.40% since June 16, 2015 and is uptrending. It has outperformed the S&P500 by 25.26%.
From a total of 33 analysts covering Facebook (NASDAQ:FB) stock, 32 rate it a “Buy”, 1 a “Sell”, and 0 a “Hold”. This means that 97% of the ratings are positive. The highest target price is $155.0 while the lowest target price is $88. The mean of all analyst targets is $122.77 which is 28.61% above today’s ($95.46) stock price. Facebook was the topic of 59 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Argus Research maintained shares on November 6 with a “Buy” rating. Morgan Stanley maintained shares with a”Overweight” rating and a $120 target share price in their report from a November 5. Canaccord Genuity maintained FB stock in a recent report from November 5 with a “Buy” rating. Credit Suisse maintained the rating on November 5. Credit Suisse has a “Outperform” rating and a $135 price target on shares. Finally, Jefferies maintained the stock with a “Buy” rating in a report they issued on a November 5.
The institutional sentiment increased to 1.73 in Q2 2015. It’s up 0.01, from 1.72 in 2015Q2. The ratio improved, as 69 funds sold all their Facebook Inc shares they owned while 375 reduced their positions. 126 funds bought stakes while 643 increased their total positions. Institutions now own 1.55 billion shares which is 2.48% more than the previous share count of 1.51 billion in 2015Q2.
Millennium Tvp Management Co. Llc holds 52.76% of its total portfolio in Facebook Inc, equating to 639,552 shares. Parametric Risk Advisors Llc owns 7.97 million shares representing 46.51% of their total US portfolio. Moreover, Sc Us (Ttgp) Ltd. has 41.15% of their total portfolio invested in the company, equating to 1.04 million shares. The California-based Meritech Capital Associates Iii L.L.C. has a total of 37.81% of their portfolio invested in the stock. Duquesne Family Office Llc, a New York-based fund reported 4.09 million shares owned.
Since February 25, 2015, the stock had 0 insider purchases, and 37 selling transactions for a total of $168.57 million in 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 $268.65 billion. The Firm is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It has 95.9 P/E ratio. It offers various services focused on people, marketers and developers.