The Facebook Inc. (FB) Given “Overweight” Rating at Morgan Stanley

The Facebook Inc. (FB) Given “Overweight” Rating at Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Facebook Inc. (NASDAQ:FB) in a research report sent to investors on Wednesday. Morgan Stanley currently has a $160.00 price objective on the social networking company’s stock.

Other research analysts also recently issued reports about the company. Deutsche Bank AG restated a buy rating on shares of Facebook in a report on Sunday, July 10th. Cowen and Company restated a buy rating and set a $145.00 price objective on shares of Facebook in a report on Sunday, July 17th. Raymond James Financial Inc. restated an outperform rating and set a $140.00 price objective on shares of Facebook in a report on Friday, July 22nd. MKM Partners restated a buy rating on shares of Facebook in a report on Sunday, July 24th. Finally, Jefferies Group restated a buy rating and set a $170.00 price objective (up from $160.00) on shares of Facebook in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $149.99.

Shares of Facebook (NASDAQ:FB) traded down 1.295% on Wednesday, reaching $127.379. The company’s stock had a trading volume of 9,970,128 shares. Facebook has a 12-month low of $89.37 and a 12-month high of $131.98. The company’s 50-day moving average is $128.03 and its 200 day moving average is $120.07. The company has a market capitalization of $365.79 billion, a price-to-earnings ratio of 60.889 and a beta of 0.77.

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

In other Facebook news, Director Jan Koum sold 1,566,668 shares of Facebook stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $129.70, for a total value of $203,196,839.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jas Athwal sold 4,923 shares of Facebook stock in a transaction on Monday, August 15th. The shares were sold at an average price of $124.07, for a total transaction of $610,796.61. Following the completion of the transaction, the chief accounting officer now owns 125,394 shares in the company, valued at approximately $15,557,633.58. The disclosure for this sale can be found here. Insiders own 19.08% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Brick & Kyle Associates raised its position in shares of Facebook by 3.6% in the first quarter. Brick & Kyle Associates now owns 18,425 shares of the social networking company’s stock worth $2,102,000 after buying an additional 645 shares during the period. CIBC World Markets Inc. raised its position in shares of Facebook by 26.7% in the first quarter. CIBC World Markets Inc. now owns 128,367 shares of the social networking company’s stock worth $14,647,000 after buying an additional 27,026 shares during the period. Bowling Portfolio Management LLC raised its position in shares of Facebook by 81.7% in the first quarter. Bowling Portfolio Management LLC now owns 24,022 shares of the social networking company’s stock worth $2,741,000 after buying an additional 10,799 shares during the period. Raab & Moskowitz Asset Management LLC raised its position in shares of Facebook by 17.9% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,811 shares of the social networking company’s stock worth $320,000 after buying an additional 427 shares during the period. Finally, Torray LLC raised its position in shares of Facebook by 85.2% in the first quarter. Torray LLC now owns 487,875 shares of the social networking company’s stock worth $55,667,000 after buying an additional 224,415 shares during the period. Institutional investors own 56.61% of the company’s stock.

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