Facebook (NASDAQ:FB) PT Raised to $285.00 at Morgan Stanley

Facebook (NASDAQ:FB) had its price objective boosted by research analysts at Morgan Stanley from $270.00 to $285.00 in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the social networking company’s stock. Morgan Stanley’s price target would suggest a potential upside of 12.35% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. UBS Group set a $242.00 target price on shares of Facebook and gave the stock a “buy” rating in a report on Wednesday, May 20th. Nomura increased their target price on shares of Facebook from $253.00 to $260.00 in a report on Thursday, April 30th. Citigroup increased their target price on shares of Facebook from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Mizuho raised their price objective on shares of Facebook from $245.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Oppenheimer reiterated a “buy” rating and issued a $270.00 price objective (up previously from $240.00) on shares of Facebook in a report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $273.37.

Facebook stock traded up $19.17 during trading hours on Friday, reaching $253.67. 53,030,037 shares of the stock were exchanged, compared to its average volume of 19,530,204. The company has a market cap of $722.73 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a current ratio of 4.60, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. Facebook has a twelve month low of $137.10 and a twelve month high of $255.85. The stock has a 50 day moving average of $235.27 and a two-hundred day moving average of $207.59.

Facebook (NASDAQ:FB) last posted its earnings results on Thursday, July 30th. The social networking company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. The firm had revenue of $18.69 billion during the quarter, compared to analysts’ expectations of $17.29 billion. Facebook had a net margin of 31.29% and a return on equity of 23.49%. On average, analysts expect that Facebook will post 7.4 earnings per share for the current fiscal year.

In related news, CFO David M. Wehner sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $209.90, for a total value of $1,679,200.00. Following the sale, the chief financial officer now directly owns 24,484 shares in the company, valued at approximately $5,139,191.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,195 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $223.39, for a total value of $266,951.05. Following the completion of the sale, the chief accounting officer now owns 3,147 shares in the company, valued at $703,008.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,591 shares of company stock worth $14,894,825. Company insiders own 14.14% of the company’s stock.

A number of institutional investors have recently made changes to their positions in FB. Capital International Investors raised its stake in Facebook by 14.1% in the 1st quarter. Capital International Investors now owns 51,583,155 shares of the social networking company’s stock valued at $8,604,068,000 after acquiring an additional 6,394,036 shares during the period. Wellington Management Group LLP grew its holdings in Facebook by 36.9% during the 1st quarter. Wellington Management Group LLP now owns 15,704,846 shares of the social networking company’s stock valued at $2,619,569,000 after buying an additional 4,236,566 shares in the last quarter. Copper Rock Capital Partners LLC grew its holdings in Facebook by 6,224.9% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 3,959,790 shares of the social networking company’s stock valued at $821,695,000 after buying an additional 3,897,184 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Facebook by 1,141.8% during the 1st quarter. Fisher Asset Management LLC now owns 3,852,395 shares of the social networking company’s stock valued at $642,580,000 after buying an additional 3,542,165 shares in the last quarter. Finally, Public Investment Fund purchased a new position in Facebook during the 1st quarter valued at about $521,859,000. Institutional investors and hedge funds own 65.12% of the company’s stock.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Analyst Recommendations for Facebook (NASDAQ:FB)

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