Facebook Inc (FB) Director Sells $34,220,799.41 in Stock

Facebook Inc (NASDAQ:FB) Director Jan Koum sold 243,929 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $140.29, for a total transaction of $34,220,799.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jan Koum also recently made the following trade(s):

  • On Monday, March 20th, Jan Koum sold 88,332 shares of Facebook stock. The stock was sold at an average price of $140.01, for a total transaction of $12,367,363.32.
  • On Tuesday, March 21st, Jan Koum sold 432,769 shares of Facebook stock. The stock was sold at an average price of $140.91, for a total transaction of $60,981,479.79.
  • On Friday, March 17th, Jan Koum sold 2,123,302 shares of Facebook stock. The stock was sold at an average price of $140.02, for a total transaction of $297,304,746.04.

Shares of Facebook Inc (NASDAQ:FB) traded down 0.01% during mid-day trading on Monday, hitting $140.32. The company’s stock had a trading volume of 12,800,544 shares. Facebook Inc has a 12-month low of $106.31 and a 12-month high of $142.31. The stock has a 50-day moving average of $136.72 and a 200-day moving average of $127.80. The company has a market cap of $405.52 billion, a PE ratio of 40.17 and a beta of 0.68.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, February 1st. The social networking company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.10. Facebook had a return on equity of 19.05% and a net margin of 34.33%. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period last year, the business posted $0.79 EPS. The company’s revenue was up 50.8% on a year-over-year basis. On average, equities research analysts forecast that Facebook Inc will post $5.42 EPS for the current year.

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Facebook by 2.8% in the fourth quarter. State Street Corp now owns 91,829,555 shares of the social networking company’s stock valued at $10,564,984,000 after buying an additional 2,523,083 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Facebook by 3.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 73,723,960 shares of the social networking company’s stock valued at $9,456,572,000 after buying an additional 2,402,049 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Facebook by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 61,107,258 shares of the social networking company’s stock valued at $7,838,228,000 after buying an additional 1,659,217 shares during the period. BlackRock Fund Advisors increased its position in shares of Facebook by 3.7% in the third quarter. BlackRock Fund Advisors now owns 30,413,666 shares of the social networking company’s stock valued at $3,901,161,000 after buying an additional 1,092,664 shares during the period. Finally, Northern Trust Corp increased its position in shares of Facebook by 1.2% in the third quarter. Northern Trust Corp now owns 26,421,414 shares of the social networking company’s stock valued at $3,389,075,000 after buying an additional 314,209 shares during the period. Institutional investors own 57.00% of the company’s stock.

Several research analysts have commented on FB shares. Vetr raised shares of Facebook from a “buy” rating to a “strong-buy” rating and set a $134.79 price objective for the company in a research note on Wednesday, November 30th. MKM Partners reaffirmed a “buy” rating and set a $150.00 price objective on shares of Facebook in a research note on Thursday, December 1st. Canaccord Genuity dropped their price objective on shares of Facebook from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, December 1st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $170.00 price objective on shares of Facebook in a research note on Sunday, December 4th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $175.00 price objective on shares of Facebook in a research note on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and four have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $155.49.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

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