Facebook (FB) Given a $215.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $215.00 price target on Facebook (NASDAQ:FB) in a research note published on Friday. The brokerage currently has a buy rating on the social networking company’s stock.

Several other equities analysts have also issued reports on FB. UBS Group set a $215.00 price objective on shares of Facebook and gave the company a buy rating in a report on Thursday, January 11th. Citigroup reissued a buy rating and set a $200.00 price objective on shares of Facebook in a report on Wednesday, September 27th. BidaskClub raised shares of Facebook from a buy rating to a strong-buy rating in a report on Wednesday, January 10th. Cowen restated an average rating and issued a $200.00 target price (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Finally, Cantor Fitzgerald restated a buy rating and issued a $190.00 target price on shares of Facebook in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $203.72.

Shares of Facebook (NASDAQ:FB) traded up $0.66 during mid-day trading on Friday, reaching $180.03. 20,930,000 shares of the company traded hands, compared to its average volume of 17,770,000. The stock has a market capitalization of $523,130.00, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.02 and a beta of 0.68. Facebook has a 12 month low of $126.78 and a 12 month high of $188.90.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. Facebook’s revenue was up 47.3% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. equities research analysts forecast that Facebook will post 5.86 EPS for the current fiscal year.

In related news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $180.09, for a total transaction of $468,234,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Colin Stretch sold 750 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $172.43, for a total transaction of $129,322.50. Following the transaction, the vice president now owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The disclosure for this sale can be found here. Insiders have sold 4,181,449 shares of company stock valued at $752,592,962 over the last quarter. Insiders own 17.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FB. Palisade Capital Management LLC NJ increased its holdings in Facebook by 2.4% in the second quarter. Palisade Capital Management LLC NJ now owns 25,857 shares of the social networking company’s stock valued at $3,904,000 after buying an additional 602 shares in the last quarter. ING Groep NV increased its holdings in Facebook by 6.9% in the second quarter. ING Groep NV now owns 589,751 shares of the social networking company’s stock valued at $89,041,000 after buying an additional 37,822 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Facebook by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,476,119 shares of the social networking company’s stock valued at $1,128,745,000 after buying an additional 349,182 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Facebook by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 175,610 shares of the social networking company’s stock valued at $26,514,000 after buying an additional 907 shares in the last quarter. Finally, Birinyi Associates Inc. increased its holdings in Facebook by 11.7% in the second quarter. Birinyi Associates Inc. now owns 30,500 shares of the social networking company’s stock valued at $4,605,000 after buying an additional 3,200 shares in the last quarter. Institutional investors own 57.75% of the company’s stock.

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About Facebook

Facebook, Inc 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.

Analyst Recommendations for Facebook (NASDAQ:FB)

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