Todays Report: Today, Facebook Inc. (FB) Director Jan Koum Sold 237,699 Shares

Today, Facebook Inc. (FB) Director Jan Koum Sold 237,699 Shares

Facebook Inc. (NASDAQ:FB) Director Jan Koum sold 237,699 shares of the stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $120.45, for a total value of $28,630,844.55. The transaction 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 Tuesday, November 22nd, Jan Koum sold 356,547 shares of Facebook stock. The stock was sold at an average price of $119.95, for a total value of $42,767,812.65. On Tuesday, October 25th, Jan Koum sold 766,652 shares of Facebook stock. The stock was sold at an average price of $132.68, for a total value of $101,719,387.36. On Wednesday, October 19th, Jan Koum sold 931,222 shares of Facebook stock. The stock was sold at an average price of $129.31, for a total value of $120,416,316.82. 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 Monday, October 10th, Jan Koum sold 400,000 shares of Facebook stock. The stock was sold at an average price of $130.28, for a total value of $52,112,000.00. 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.

Shares of Facebook Inc. (NASDAQ:FB) opened at 120.41 on Tuesday. The firm’s 50-day moving average price is $125.02 and its 200 day moving average price is $122.59. Facebook Inc. has a 52 week low of $89.37 and a 52 week high of $133.50. The stock has a market capitalization of $347.04 billion, a P/E ratio of 46.42 and a beta of 0.76.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The business earned $7 billion during the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 55.8% compared to the same quarter last year. Analysts expect that Facebook Inc. will post $4.09 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BP PLC raised its position in shares of Facebook by 6.3% in the second quarter. BP PLC now owns 269,000 shares of the social networking company’s stock valued at $30,741,000 after buying an additional 16,000 shares during the period. Shelton Capital Management raised its position in shares of Facebook by 1.8% in the second quarter. Shelton Capital Management now owns 225,224 shares of the social networking company’s stock valued at $25,739,000 after buying an additional 4,031 shares during the period. Factory Mutual Insurance Co. raised its position in shares of Facebook by 3.1% in the second quarter. Factory Mutual Insurance Co. now owns 837,000 shares of the social networking company’s stock valued at $95,652,000 after buying an additional 25,000 shares during the period. Strs Ohio raised its position in shares of Facebook by 3.8% in the second quarter. Strs Ohio now owns 2,367,459 shares of the social networking company’s stock valued at $270,553,000 after buying an additional 86,207 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Facebook by 2.4% in the first quarter. Arizona State Retirement System now owns 679,800 shares of the social networking company’s stock valued at $77,565,000 after buying an additional 15,900 shares during the period. Institutional investors and hedge funds own 56.19% of the company’s stock.

FB has been the subject of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $170.00 target price on shares of Facebook in a research note on Thursday, November 3rd. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $136.45 target price for the company in a research note on Monday, September 12th. Axiom Securities raised their target price on Facebook from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 3rd. Citigroup Inc. raised their target price on Facebook from $148.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, September 19th. Finally, Macquarie reaffirmed an “outperform” rating and set a $155.00 target price on shares of Facebook in a research note on Monday, October 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $150.70.

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