Facebook (NASDAQ:FB) had its price target boosted by equities researchers at Morgan Stanley from $215.00 to $230.00 in a report released on Thursday, February 1st. The brokerage presently has a “buy” rating on the social networking company’s stock. Morgan Stanley’s target price suggests a potential upside of 30.60% from the company’s current price.

A number of other equities research analysts also recently commented on FB. KeyCorp increased their price objective on shares of Facebook from $220.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Credit Suisse Group reissued an “outperform” rating and issued a $240.00 price objective (up from $232.00) on shares of Facebook in a research report on Thursday, February 1st. BidaskClub raised shares of Facebook from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $210.00 price objective on shares of Facebook in a research report on Thursday, February 1st. Finally, Canaccord Genuity reissued a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of Facebook in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-two have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $214.59.

Shares of Facebook (FB) opened at $176.11 on Thursday. Facebook has a 52-week low of $132.55 and a 52-week high of $195.32. The company has a market cap of $525,110.00, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 0.90 and a beta of 0.58.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.24. Facebook had a net margin of 39.16% and a return on equity of 26.49%. The company had revenue of $12.97 billion for the quarter, compared to the consensus estimate of $12.58 billion. analysts anticipate that Facebook will post 7.22 EPS for the current year.

In related news, insider Christopher K. Cox sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $179.63, for a total value of $2,874,080.00. Following the sale, the insider now directly owns 56,622 shares of the company’s stock, valued at $10,171,009.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David B. Fischer sold 5,587 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $187.66, for a total transaction of $1,048,456.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,548,013 shares of company stock valued at $278,500,923. Insiders own 17.23% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in shares of Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock worth $1,794,857,000 after purchasing an additional 8,788,743 shares in the last quarter. Truepoint Inc. lifted its position in shares of Facebook by 16,822.1% during the third quarter. Truepoint Inc. now owns 6,137,138 shares of the social networking company’s stock worth $6,137,000 after purchasing an additional 6,100,871 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock worth $24,538,895,000 after purchasing an additional 5,151,190 shares in the last quarter. BlackRock Inc. lifted its position in shares of Facebook by 3.6% during the fourth quarter. BlackRock Inc. now owns 146,170,789 shares of the social networking company’s stock worth $25,793,297,000 after purchasing an additional 5,107,163 shares in the last quarter. Finally, Harding Loevner LP lifted its position in shares of Facebook by 229.7% during the third quarter. Harding Loevner LP now owns 4,258,885 shares of the social networking company’s stock worth $215,130,000 after purchasing an additional 2,966,978 shares in the last quarter. 57.80% of the stock is currently owned by institutional investors and hedge funds.

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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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