Facebook Inc. (FB) Downgraded by Morgan Stanley

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Facebook Inc. (NASDAQ:FB) was downgraded by research analysts at Morgan Stanley from an “in-line” rating to an “underweight” rating in a research report issued to clients and investors on Monday.
A number of other equities research analysts also recently weighed in on FB. Vetr raised shares of Facebook from a “sell” rating to a “hold” rating and set a $117.32 target price on the stock in a research note on Monday, May 16th. Credit Agricole SA reaffirmed a “buy” rating and issued a $161.00 target price on shares of Facebook in a research note on Monday, May 16th. Axiom Securities reaffirmed a “buy” rating on shares of Facebook in a research note on Wednesday, May 18th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Facebook in a research note on Sunday, May 22nd. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $170.00 target price on shares of Facebook in a research note on Sunday, May 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $149.25.
Facebook (NASDAQ:FB) opened at 127.10 on Monday. The stock has a 50 day moving average of $124.85 and a 200-day moving average of $116.89. The firm has a market cap of $364.99 billion, a P/E ratio of 60.76 and a beta of 0.76. Facebook has a 12 month low of $85.72 and a 12 month high of $131.98.

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Facebook (NASDAQ:FB) last announced its quarterly earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6 billion. Facebook had a net margin of 27.07% and a return on equity of 14.38%. The company’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. Equities research analysts predict that Facebook will post $3.94 earnings per share for the current fiscal year.
In other news, VP David B. Fischer sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $114.07, for a total value of $1,197,735.00. Following the completion of the transaction, the vice president now directly owns 261,356 shares in the company, valued at $29,812,878.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Colin Stretch sold 400 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $125.00, for a total value of $50,000.00. Following the completion of the transaction, the vice president now owns 88,940 shares of the company’s stock, valued at $11,117,500. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.
Several hedge funds and other institutional investors recently made changes to their positions in the company. Stelac Advisory Services LLC purchased a new position in shares of Facebook during the first quarter valued at about $106,000. Bartlett & Co. LLC boosted its position in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares during the last quarter. Kings Point Capital Management boosted its position in shares of Facebook by 20.1% in the first quarter. Kings Point Capital Management now owns 1,193 shares of the social networking company’s stock valued at $136,000 after buying an additional 200 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Facebook by 25.2% in the second quarter. Gradient Investments LLC now owns 1,365 shares of the social networking company’s stock valued at $156,000 after buying an additional 275 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Facebook by 75.0% in the second quarter. Duncker Streett & Co. Inc. now owns 1,400 shares of the social networking company’s stock valued at $160,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 56.89% of the company’s stock.
Facebook Company Profile
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.

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