$FB – Facebook Continues Remarkable Run, Still More Upside for 2017.

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Facebook continues to execute flawlessly.

Facebook Ads, WhatsApp, Instagram, everything firing on all cylinders! Four months ago we figured a $155 2017 year end target was doable. We are almost there already,  trading at $150. With the remarkable Q1 blowout, we are moving our target for year end to $185. 

A few interesting stats:

The company’s 50-day moving average is $141.73 and its 200 day moving average is $130.19. The firm has a market capitalization of $434.22 billion, a PE ratio of 43.01 and a beta of 0.68. Facebook has a 52-week low of $108.23 and a 52-week high of $151.53.

Facebook was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 20,544,771 shares, a growth of 10.2% from the March 15th total of 18,643,886 shares. Based on an average daily volume of 15,904,081 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the company’s stock are sold short.

Facebook is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

JR

@Contrariansmind   @IbullReport 

 

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