The Facebook Inc. (FB) Director Jan Koum Sells 400,000 Shares

The Facebook Inc. (FB) Director Jan Koum Sells 400,000 Shares

Facebook Inc. (NASDAQ:FB) Director Jan Koum sold 400,000 shares of the business’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $130.28, for a total value of $52,112,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Jan Koum also recently made the following trade(s): On Tuesday, October 11th, Jan Koum sold 602,114 shares of Facebook stock. The stock was sold at an average price of $129.36, for a total value of $77,889,467.04. On Tuesday, October 4th, Jan Koum sold 566,668 shares of Facebook stock. The stock was sold at an average price of $128.22, for a total value of $72,658,170.96. On Tuesday, September 27th, Jan Koum sold 566,668 shares of Facebook stock. The stock was sold at an average price of $128.36, for a total value of $72,737,504.48. On Thursday, September 22nd, Jan Koum sold 966,668 shares of Facebook stock. The stock was sold at an average price of $129.26, for a total value of $124,951,505.68. On Tuesday, September 13th, Jan Koum sold 566,668 shares of Facebook stock. The stock was sold at an average price of $127.19, for a total value of $72,074,502.92. On Thursday, September 8th, Jan Koum sold 1,566,668 shares of Facebook stock. The stock was sold at an average price of $129.70, for a total value of $203,196,839.60. On Tuesday, August 30th, Jan Koum sold 566,668 shares of Facebook stock. The stock was sold at an average price of $125.70, for a total value of $71,230,167.60. On Wednesday, August 24th, Jan Koum sold 804,367 shares of Facebook stock. The stock was sold at an average price of $124.51, for a total value of $100,151,735.17. On Monday, August 22nd, Jan Koum sold 356,547 shares of Facebook stock. The stock was sold at an average price of $123.95, for a total value of $44,194,000.65. On Monday, August 15th, Jan Koum sold 648,428 shares of Facebook stock. The stock was sold at an average price of $124.08, for a total value of $80,456,946.24.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 27th. The social networking company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.15. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6 billion. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The company’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS.

A number of institutional investors have recently made changes to their positions in the company. Hollencrest Securities LLC raised its position in shares of Facebook by 10.8% in the third quarter. Hollencrest Securities LLC now owns 8,268 shares of the social networking company’s stock worth $1,060,000 after buying an additional 808 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of Facebook by 19.1% in the third quarter. Prospera Financial Services Inc now owns 14,213 shares of the social networking company’s stock worth $1,823,000 after buying an additional 2,279 shares in the last quarter. Patten & Patten Inc. TN raised its position in shares of Facebook by 14.6% in the third quarter. Patten & Patten Inc. TN now owns 8,660 shares of the social networking company’s stock worth $1,111,000 after buying an additional 1,100 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Facebook by 1.5% in the third quarter. Nisa Investment Advisors LLC now owns 597,746 shares of the social networking company’s stock worth $76,673,000 after buying an additional 9,000 shares in the last quarter. Finally, CenturyLink Investment Management Co raised its position in shares of Facebook by 20.9% in the third quarter. CenturyLink Investment Management Co now owns 24,712 shares of the social networking company’s stock worth $3,170,000 after buying an additional 4,270 shares in the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

Several equities analysts have recently weighed in on FB shares. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $136.45 price objective on the stock in a report on Monday, September 12th. Societe Generale set a $80.00 price objective on Facebook and gave the company a “sell” rating in a report on Thursday, July 7th. Robert W. Baird upgraded Facebook to a “buy” rating in a report on Monday, July 18th. Citigroup Inc. lifted their price objective on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a report on Monday, September 19th. Finally, Macquarie reiterated an “outperform” rating and set a $155.00 price objective on shares of Facebook in a report on Monday. One equities research 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 issued a strong buy rating to the company. Facebook currently has an average rating of “Buy” and a consensus price target of $149.99.

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