Facebook, Inc. (NASDAQ:FB) Director Jan Koum sold 640,754 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $171.20, for a total transaction of $109,697,084.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, August 30th, Jan Koum sold 63,629 shares of Facebook stock. The stock was sold at an average price of $170.02, for a total transaction of $10,818,202.58.
  • On Wednesday, August 16th, Jan Koum sold 2,953,492 shares of Facebook stock. The stock was sold at an average price of $170.17, for a total transaction of $502,595,733.64.
  • On Monday, July 17th, Jan Koum sold 31,663 shares of Facebook stock. The stock was sold at an average price of $160.38, for a total transaction of $5,078,111.94.
  • On Friday, July 14th, Jan Koum sold 3,490,137 shares of Facebook stock. The stock was sold at an average price of $160.02, for a total transaction of $558,491,722.74.
  • On Tuesday, July 18th, Jan Koum sold 3,600,000 shares of Facebook stock. The stock was sold at an average price of $160.06, for a total transaction of $576,216,000.00.

Facebook, Inc. (NASDAQ FB) traded up 0.03% during trading on Friday, reaching $172.02. The company had a trading volume of 11,677,589 shares. The stock has a 50 day moving average price of $167.98 and a 200 day moving average price of $151.39. Facebook, Inc. has a 12 month low of $113.55 and a 12 month high of $175.49. The firm has a market capitalization of $499.58 billion, a price-to-earnings ratio of 38.50 and a beta of 0.70.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, July 26th. The social networking company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.19. The business had revenue of $9.32 billion during the quarter, compared to analysts’ expectations of $9.19 billion. Facebook had a return on equity of 21.73% and a net margin of 38.84%. Facebook’s revenue was up 44.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. On average, equities research analysts predict that Facebook, Inc. will post $5.33 earnings per share for the current year.

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A number of brokerages have recently issued reports on FB. Canaccord Genuity reiterated a “buy” rating and set a $175.00 target price on shares of Facebook in a research report on Friday, June 16th. Vetr lowered Facebook from a “buy” rating to a “hold” rating and set a $156.06 target price on the stock. in a research report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 target price on Facebook and gave the company a “buy” rating in a research report on Tuesday, June 20th. Wedbush set a $185.00 target price on Facebook and gave the company a “buy” rating in a research report on Thursday, May 4th. Finally, Argus reiterated a “buy” rating and set a $176.00 target price on shares of Facebook in a research report on Monday, May 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $183.74.

Several hedge funds have recently modified their holdings of the company. Franklin Street Advisors Inc. NC boosted its stake in shares of Facebook by 2.6% in the first quarter. Franklin Street Advisors Inc. NC now owns 66,162 shares of the social networking company’s stock valued at $9,398,000 after buying an additional 1,669 shares during the period. Renaissance Investment Group LLC boosted its stake in shares of Facebook by 11.3% in the first quarter. Renaissance Investment Group LLC now owns 1,975 shares of the social networking company’s stock valued at $280,000 after buying an additional 200 shares during the period. Bridges Investment Management Inc. boosted its stake in shares of Facebook by 15.7% in the first quarter. Bridges Investment Management Inc. now owns 40,136 shares of the social networking company’s stock valued at $5,702,000 after buying an additional 5,437 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Facebook by 3.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 2,043,313 shares of the social networking company’s stock valued at $290,253,000 after buying an additional 73,273 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its stake in shares of Facebook by 190.3% in the first quarter. Burns J W & Co. Inc. NY now owns 17,816 shares of the social networking company’s stock valued at $2,531,000 after buying an additional 11,679 shares during the period. 57.30% of the stock is owned by institutional investors and hedge funds.

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.

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

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