Insider Selling: Facebook, Inc. (FB) Director Sells 3,490,137 Shares of Stock

Facebook, Inc. (NASDAQ:FB) Director Jan Koum sold 3,490,137 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $160.02, for a total value of $558,491,722.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

On Monday, July 17th, Jan Koum sold 31,663 shares of Facebook stock. The shares were sold at an average price of $160.38, for a total value of $5,078,111.94.
On Tuesday, July 18th, Jan Koum sold 3,600,000 shares of Facebook stock. The shares were sold at an average price of $160.06, for a total value of $576,216,000.00.
On Tuesday, May 16th, Jan Koum sold 594,246 shares of Facebook stock. The shares were sold at an average price of $149.73, for a total value of $88,976,453.58.
On Friday, April 28th, Jan Koum sold 3,200,000 shares of Facebook stock. The shares were sold at an average price of $150.27, for a total value of $480,864,000.00.

Facebook, Inc. (FB) opened at 164.43 on Friday. The firm has a market capitalization of $476.55 billion, a PE ratio of 41.81 and a beta of 0.67. Facebook, Inc. has a 52-week low of $113.55 and a 52-week high of $165.70. The stock’s 50 day moving average price is $153.80 and its 200 day moving average price is $142.68. Facebook also was the target of unusually large options trading on Wednesday. Investors purchased 124,719 put options on the company. This is an increase of 183% compared to the typical daily volume of 44,047 put options.

Facebook (NASDAQ:FB) last announced its earnings results on Wednesday, May 3rd. The social networking company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.16. Facebook had a return on equity of 20.27% and a net margin of 36.45%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.83 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 49.2% compared to the same quarter last year. Analysts expect that Facebook, Inc. will post $4.87 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in FB. Arcadia Investment Management Corp MI raised its stake in shares of Facebook by 20.0% in the first quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after buying an additional 120 shares during the last quarter. D. Scott Neal Inc. raised its stake in shares of Facebook by 1,358.0% in the second quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after buying an additional 679 shares during the last quarter. Cohen Capital Management Inc. acquired a new stake in shares of Facebook during the first quarter worth about $121,000. Farmers & Merchants Investments Inc. raised its stake in shares of Facebook by 4.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after buying an additional 34 shares during the last quarter. Finally, Cable Hill Partners LLC raised its stake in shares of Facebook by 9.5% in the first quarter. Cable Hill Partners LLC now owns 910 shares of the social networking company’s stock worth $129,000 after buying an additional 79 shares during the last quarter. 57.63% of the stock is currently owned by institutional investors and hedge funds.

FB has been the topic of several research analyst reports. Instinet reaffirmed a “buy” rating on shares of Facebook in a research report on Saturday, March 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Facebook in a research report on Monday, March 27th. Barclays PLC initiated coverage on Facebook in a research report on Tuesday, March 28th. They issued an “overweight” rating and a $154.00 price objective on the stock. Aegis reaffirmed a “buy” rating on shares of Facebook in a research report on Sunday, April 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Facebook in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have given a buy rating and four have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $167.06.

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.