Facebook, Inc. (NASDAQ:FB) Given a $200.00 Price Target at Morgan Stanley

Morgan Stanley set a $200.00 target price on Facebook, Inc. (NASDAQ:FB) in a report issued on Thursday, November 2nd. The brokerage currently has a buy rating on the social networking company’s stock.

Several other equities analysts also recently issued reports on the stock. Deutsche Bank AG reaffirmed a buy rating on shares of Facebook in a report on Thursday, November 2nd. UBS AG set a $208.00 price objective on shares of Facebook and gave the company a buy rating in a report on Thursday, November 2nd. JMP Securities set a $225.00 target price on shares of Facebook and gave the company a buy rating in a research report on Thursday, November 2nd. Macquarie set a $205.00 target price on shares of Facebook and gave the company a buy rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird set a $200.00 target price on shares of Facebook and gave the company a buy rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, forty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Facebook has an average rating of Buy and a consensus price target of $197.95.

Shares of Facebook (NASDAQ FB) opened at $181.86 on Thursday. Facebook has a twelve month low of $114.00 and a twelve month high of $182.90. The stock has a market cap of $528,450.00, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.14 and a beta of 0.67.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a net margin of 41.69% and a return on equity of 23.64%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. analysts anticipate that Facebook will post 5.86 EPS for the current fiscal year.

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In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $180.35, for a total transaction of $135,262.50. Following the completion of the sale, the vice president now directly owns 88,091 shares in the company, valued at approximately $15,887,211.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Thiel sold 160,805 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $178.90, for a total value of $28,768,014.50. Following the sale, the director now owns 6,311 shares of the company’s stock, valued at $1,129,037.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,890,749 shares of company stock worth $1,039,269,443. 17.23% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in FB. Vanguard Group Inc. increased its position in Facebook by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after buying an additional 5,151,190 shares during the period. BlackRock Inc. increased its position in Facebook by 3.0% in the 2nd quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock worth $20,967,696,000 after buying an additional 4,032,727 shares during the period. State Street Corp increased its position in Facebook by 1.7% in the 1st quarter. State Street Corp now owns 93,365,713 shares of the social networking company’s stock worth $13,262,607,000 after buying an additional 1,536,158 shares during the period. Capital World Investors increased its position in Facebook by 1.5% in the 2nd quarter. Capital World Investors now owns 56,817,768 shares of the social networking company’s stock worth $8,578,347,000 after buying an additional 833,810 shares during the period. Finally, Northern Trust Corp increased its position in Facebook by 0.4% in the 2nd quarter. Northern Trust Corp now owns 26,454,900 shares of the social networking company’s stock worth $3,994,161,000 after buying an additional 114,694 shares during the period. Institutional investors and hedge funds own 57.44% of the company’s stock.

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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