Today: Facebook Inc. (FB) Director Sold $77,889,467.04 in Stock

Today: Facebook Inc. (FB) Director Sold $77,889,467.04 in Stock

Facebook Inc. (NASDAQ:FB) Director Jan Koum sold 602,114 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $129.36, for a total transaction of $77,889,467.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jan Koum also recently made the following trade(s): On Monday, October 10th, Jan Koum sold 400,000 shares of Facebook stock. The shares were sold at an average price of $130.28, for a total transaction of $52,112,000.00. On Tuesday, October 4th, Jan Koum sold 566,668 shares of Facebook stock. The shares were sold at an average price of $128.22, for a total transaction of $72,658,170.96. On Tuesday, September 27th, Jan Koum sold 566,668 shares of Facebook stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $124.08, for a total transaction of $80,456,946.24.

Shares of Facebook Inc. (NASDAQ:FB) opened at 127.88 on Monday. The company has a market capitalization of $367.23 billion, a price-to-earnings ratio of 61.13 and a beta of 0.77. Facebook Inc. has a 12 month low of $89.37 and a 12 month high of $131.98. The firm’s 50-day moving average price is $128.26 and its 200-day moving average price is $120.22.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, July 27th. The social networking company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.15. Facebook had a return on equity of 14.38% and a net margin of 27.07%. The business earned $6.44 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s revenue was up 59.2% compared to the same quarter last year. Equities research analysts expect that Facebook Inc. will post $3.94 EPS for the current year.

A number of analysts have weighed in on FB shares. Royal Bank Of Canada reissued a “buy” rating and set a $165.00 target price on shares of Facebook in a research report on Tuesday, June 21st. SunTrust Banks Inc. reissued a “buy” rating and set a $135.00 target price on shares of Facebook in a research report on Tuesday, June 21st. Robert W. Baird reissued an “outperform” rating and set a $135.00 target price on shares of Facebook in a research report on Wednesday, June 22nd. MKM Partners reissued a “buy” rating and set a $150.00 target price on shares of Facebook in a research report on Wednesday, June 22nd. Finally, Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $123.05 target price for the company in a research report on Monday, June 27th. 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 given a strong buy rating to the company. Facebook presently has a consensus rating of “Buy” and a consensus price target of $149.99.

Institutional investors have recently made changes to their positions in the stock. National Pension Service raised its stake in Facebook by 4.2% in the first quarter. National Pension Service now owns 1,063,800 shares of the social networking company’s stock worth $121,380,000 after buying an additional 43,338 shares during the period. Geode Capital Management LLC raised its stake in Facebook by 3.7% in the first quarter. Geode Capital Management LLC now owns 19,410,677 shares of the social networking company’s stock worth $2,210,464,000 after buying an additional 690,650 shares during the period. Factory Mutual Insurance Co. raised its stake in Facebook by 3.1% in the second quarter. Factory Mutual Insurance Co. now owns 837,000 shares of the social networking company’s stock worth $95,652,000 after buying an additional 25,000 shares during the period. Renaissance Technologies LLC raised its stake in Facebook by 36.9% in the first quarter. Renaissance Technologies LLC now owns 2,453,800 shares of the social networking company’s stock worth $279,979,000 after buying an additional 661,600 shares during the period. Finally, Jackson Square Partners LLC raised its stake in Facebook by 21.4% in the first quarter. Jackson Square Partners LLC now owns 5,507,159 shares of the social networking company’s stock worth $628,366,000 after buying an additional 969,198 shares during the period. 56.63% of the stock is owned by institutional investors and hedge funds.

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