Facebook Inc (NASDAQ:FB)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued to investors on Tuesday, AnalystRatings.NET reports. They currently have a $130.00 price target on the social networking company’s stock. Morgan Stanley’s target price would indicate a potential upside of 19.15% from the company’s current price.

Facebook (NASDAQ:FB) traded up 15.52% on Tuesday, hitting $109.11. 107,475,327 shares of the stock traded hands. The stock has a 50-day moving average price of $101.26 and a 200 day moving average price of $97.81. The company has a market cap of $308.56 billion and a price-to-earnings ratio of 109.55. Facebook has a 1-year low of $72.00 and a 1-year high of $110.65.

Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, January 27th. The social networking company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company earned $5.84 billion during the quarter, compared to analyst estimates of $5.36 billion. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. On average, analysts anticipate that Facebook will post $2.88 EPS for the current fiscal year.

In other Facebook news, Director Jan Koum sold 1,545,837 shares of the firm’s stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $106.97, for a total value of $165,358,183.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Colin Stretch sold 3,877 shares of the firm’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $93.78, for a total value of $363,585.06. Following the completion of the transaction, the vice president now directly owns 74,723 shares in the company, valued at $7,007,522.94. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in FB. Saturna Capital boosted its position in shares of Facebook by 32.4% in the third quarter. Saturna Capital now owns 43,145 shares of the social networking company’s stock valued at $3,879,000 after buying an additional 10,549 shares during the last quarter. Gerstein Fisher boosted its position in shares of Facebook by 11.4% in the third quarter. Gerstein Fisher now owns 33,052 shares of the social networking company’s stock valued at $2,971,000 after buying an additional 3,374 shares during the last quarter. Detwiler Fenton Investment Management purchased a new position in shares of Facebook during the fourth quarter valued at about $505,000. Meag Munich Ergo Kapitalanlagegesellschaft boosted its position in shares of Facebook by 69.8% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 252,860 shares of the social networking company’s stock valued at $22,525,000 after buying an additional 103,959 shares during the last quarter. Finally, Terra Nova Asset Management boosted its position in shares of Facebook by 252.9% in the third quarter. Terra Nova Asset Management now owns 19,765 shares of the social networking company’s stock valued at $1,777,000 after buying an additional 14,165 shares during the last quarter.

A number of other equities research analysts also recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $125.00 price target on shares of Facebook in a research note on Monday. Cantor Fitzgerald reiterated a “buy” rating and set a $130.00 target price on shares of Facebook in a research report on Monday. FBR & Co. reiterated an “outperform” rating and set a $130.00 target price (up from $125.00) on shares of Facebook in a research report on Monday. SunTrust cut their target price on shares of Facebook from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday. Finally, RBC Capital reiterated a “buy” rating and set a $130.00 target price on shares of Facebook in a research report on Friday, January 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $124.91.

Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.

12 Month Chart for NASDAQ:FB

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