Trading Report: The Facebook Inc. (FB) Director Sells $72,658,170.96 in Stock

The Facebook Inc. (FB) Director Sells $72,658,170.96 in Stock

Facebook Inc. (NASDAQ:FB) Director Jan Koum sold 566,668 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $128.22, for a total transaction of $72,658,170.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Jan Koum also recently made the following trade(s): 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $80,456,946.24. On Tuesday, August 16th, Jan Koum sold 1,215,096 shares of Facebook stock. The stock was sold at an average price of $123.80, for a total transaction of $150,428,884.80. On Tuesday, August 9th, Jan Koum sold 566,668 shares of Facebook stock. The stock was sold at an average price of $125.46, for a total transaction of $71,094,167.28.

Shares of Facebook Inc. (NASDAQ:FB) opened at 128.88 on Wednesday. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $131.98. The company has a market capitalization of $370.10 billion, a PE ratio of 61.61 and a beta of 0.77. The firm has a 50-day moving average of $127.89 and a 200 day moving average of $120.00.

Facebook (NASDAQ:FB) last released its quarterly earnings data on Wednesday, July 27th. The social networking company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.50 earnings per share. On average, equities research analysts expect that Facebook Inc. will post $3.94 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Stelac Advisory Services LLC bought a new stake in shares of Facebook during the first quarter worth $106,000. Bartlett & Co. LLC boosted its stake 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 worth $128,000 after buying an additional 91 shares during the period. West Oak Capital LLC boosted its stake in shares of Facebook by 53.3% in the third quarter. West Oak Capital LLC now owns 1,150 shares of the social networking company’s stock worth $148,000 after buying an additional 400 shares during the period. Kings Point Capital Management boosted its stake 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 worth $136,000 after buying an additional 200 shares during the period. Finally, Balentine LLC boosted its stake in shares of Facebook by 512.6% in the second quarter. Balentine LLC now owns 1,213 shares of the social networking company’s stock worth $139,000 after buying an additional 1,015 shares during the period. Hedge funds and other institutional investors own 56.61% of the company’s stock.

A number of equities research analysts recently commented on FB shares. Royal Bank Of Canada reissued a “buy” rating and issued a $165.00 price objective on shares of Facebook in a research note on Tuesday, June 21st. Bank of America Corp. reissued a “buy” rating and issued a $153.07 price objective (up from $123.94) on shares of Facebook in a research note on Monday, August 1st. Goldman Sachs Group Inc. increased their price objective on shares of Facebook from $142.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. William Blair reissued an “outperform” rating on shares of Facebook in a research note on Thursday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $145.00 price objective on shares of Facebook in a research note on Sunday, July 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $149.99.

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