Morgan Stanley reaffirmed their overweight rating on shares of Facebook Inc. (NASDAQ:FB) in a research note issued to investors on Wednesday morning. They currently have a $160.00 target price on the social networking company’s stock.

A number of other brokerages have also weighed in on FB. JPMorgan Chase & Co. reiterated an overweight rating and issued a $170.00 price target on shares of Facebook in a report on Friday, September 9th. Loop Capital assumed coverage on shares of Facebook in a report on Thursday, September 22nd. They issued a buy rating and a $165.00 price target on the stock. They noted that the move was a valuation call. Credit Agricole SA restated a buy rating on shares of Facebook in a report on Friday, September 23rd. Robert W. Baird restated an outperform rating and set a $155.00 target price on shares of Facebook in a report on Tuesday, September 6th. Finally, Vetr lowered shares of Facebook from a buy rating to a hold rating and set a $134.63 target price on the stock. in a report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $149.99.

Shares of Facebook (NASDAQ:FB) traded down 1.295% during trading on Wednesday, hitting $127.379. 9,970,071 shares of the company were exchanged. Facebook has a 12 month low of $89.37 and a 12 month high of $131.98. The stock has a market cap of $365.79 billion, a P/E ratio of 60.889 and a beta of 0.77. The company’s 50-day moving average price is $128.03 and its 200 day moving average price is $120.07.

Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.15. The company had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. Facebook’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. On average, equities analysts predict that Facebook will post $3.94 earnings per share for the current fiscal year.

In other Facebook news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $129.47, for a total value of $97,102.50. Following the completion of the transaction, the vice president now owns 83,890 shares in the company, valued at approximately $10,861,238.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Desmond-Hellmann sold 625 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $124.01, for a total value of $77,506.25. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Facebook by 2.5% in the second quarter. Vanguard Group Inc. now owns 139,483,685 shares of the social networking company’s stock valued at $15,940,195,000 after buying an additional 3,400,653 shares in the last quarter. State Street Corp increased its position in shares of Facebook by 2.3% in the first quarter. State Street Corp now owns 85,825,821 shares of the social networking company’s stock valued at $9,792,722,000 after buying an additional 1,950,433 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Facebook by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 59,448,041 shares of the social networking company’s stock valued at $6,793,722,000 after buying an additional 995,651 shares in the last quarter. Capital World Investors increased its position in shares of Facebook by 41.3% in the second quarter. Capital World Investors now owns 33,131,292 shares of the social networking company’s stock valued at $3,786,244,000 after buying an additional 9,686,624 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock valued at $2,210,464,000 after buying an additional 690,650 shares in the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

About Facebook

Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

5 Day Chart for NASDAQ:FB

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