November 23, 2016 - By Vivian Park
Looking at the sell Jan Koum made she is in the insider trades focus today. The director of Facebook Inc and an insider, unloaded 356,547 shares worth $42,768,876 U.S. Dollars. The average price was $120.0 per share. This is not her first insider trade, in the last month, she sold another 1,415,079 shares worth $177,843,091 USD. The odds that this stocks unloading remains undiscovered is little as a result of the large amount of cash involved. At the moment, Jan Koum owns 30.66 million shares which make up roughly 1.07% of the Company’s market cap (share price times the number of shares outstanding).
Out of 44 analysts covering Facebook (NASDAQ:FB), 41 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 93% are positive. $175 is the highest target while $88 is the lowest. The $144.27 average target is 18.77% above today’s ($121.47) stock price. Facebook has been the topic of 113 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Axiom Capital given on Tuesday, July 28. The firm earned “Outperform” rating on Thursday, April 28 by Oppenheimer. The firm earned “Buy” rating on Thursday, November 3 by Axiom Capital. The stock of Facebook Inc (NASDAQ:FB) earned “Overweight” rating by Piper Jaffray on Thursday, January 28. The stock of Facebook Inc (NASDAQ:FB) earned “Outperform” rating by Credit Suisse on Monday, April 18. The stock has “Buy” rating given by Cantor Fitzgerald on Thursday, August 27. Brean Capital maintained Facebook Inc (NASDAQ:FB) rating on Thursday, July 30. Brean Capital has “Buy” rating and $111 price target. Canaccord Genuity maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 3. Cowen & Co maintained the stock with “Outperform” rating in Thursday, November 3 report.
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.17, from 1.23 in 2016Q1. The ratio is positive, as 73 funds sold all Facebook Inc shares owned while 523 reduced positions. 118 funds bought stakes while 614 increased positions. They now own 1.59 billion shares or 3.98% less from 1.65 billion shares in 2016Q1.
Sei, a Pennsylvania-based fund reported 1.75 million shares. Moreover, Hightower Ltd Com has 0.5% invested in Facebook Inc (NASDAQ:FB) for 343,387 shares. Point72 Asset Mngmt Limited Partnership holds 0.32% of its portfolio in Facebook Inc (NASDAQ:FB) for 415,100 shares. Brighton Jones Lc accumulated 0.29% or 14,266 shares. Old Mutual Customised Solutions (Proprietary) Ltd has 0.06% invested in the company for 2,200 shares. Utd Automobile Association accumulated 2.93M shares or 1.2% of the stock. Herndon Capital Limited Company has invested 0% of its portfolio in Facebook Inc (NASDAQ:FB). Fernwood Inv Mngmt Limited Liability reported 12,538 shares or 1.4% of all its holdings. Fiduciary Tru Com accumulated 14,697 shares or 0.06% of the stock. Sand Hill Glob Advsr Ltd Liability Co holds 1.63% or 90,746 shares in its portfolio. Hartwell J M L P accumulated 8.27% or 283,865 shares. Partner Invest Management Lp reported 13,595 shares or 2.54% of all its holdings. Gabelli Funds Limited Liability Company reported 305,300 shares or 0.21% of all its holdings. Clearbridge Investments Ltd holds 0.85% or 6.30M shares in its portfolio. One Natl Association holds 163,253 shares or 1.53% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 93 sales for $3.08 billion net activity. $91,275 worth of shares were sold by Stretch Colin on Tuesday, November 8. Another trade for 15,600 shares valued at $1.89 million was sold by Cox Christopher K. $916,455 worth of Facebook Inc (NASDAQ:FB) shares were sold by FISCHER DAVID B. $17.28 million worth of shares were sold by Sandberg Sheryl on Thursday, August 11. $1,861 worth of shares were sold by Andreessen Marc L on Tuesday, August 2. 1.72 million shares with value of $204.51M were sold by Koum Jan on Tuesday, May 31. $8.46M worth of Facebook Inc (NASDAQ:FB) was sold by Schroepfer Michael Todd on Monday, August 15.
The stock decreased 0.25% or $0.3 during the last trading session, hitting $121.47. About 26.09M shares traded hands or 1.56% up from the average. Facebook Inc (NASDAQ:FB) has risen 7.08% since April 21, 2016 and is uptrending. It has outperformed by 1.75% the S&P500.
Facebook, Inc. builds products that enable people to connect and share through mobile devices and personal computers. The company has a market cap of $364.31 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 46.89 P/E ratio. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.
According to Zacks Investment Research, “Facebook Inc. operates a social networking website worldwide. The Company’s products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and application programming interfaces that developers can use to build social apps on Facebook or to integrate their Websites with Facebook. It offers products that enable advertisers and marketers to engage with its users. Facebook Inc. is headquartered in Menlo Park, California.”
More notable recent Facebook Inc (NASDAQ:FB) news were published by: Profitconfidential.com which released: “Facebook Inc: This Could Be a Big Problem for FB Stock” on November 22, 2016, also Profitconfidential.com with their article: “Facebook Inc: FB Stock Buyback Isn’t Fooling Anyone” published on November 21, 2016, Investorplace.com published: “3 Reasons Why Facebook Inc (FB) Stock Is as Good as Gold” on November 21, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Fool.com and their article: “A Close Look at Facebook, Inc.’s Impressive User Growth” published on November 18, 2016 as well as Fool.com‘s news article titled: “Facebook, Inc. Has Had a Terrible Month” with publication date: November 16, 2016.
Facebook, Inc., incorporated on July 29, 2004, manufactures products that enable people to connect and share through mobile devices and personal computers. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. The Company’s subsidiaries include Andale, Inc., Edge Network Services Limited, Facebook Ireland Holdings Limited, Facebook Ireland Limited, Facebook Operations, LLC, Instagram, LLC, Oculus VR, LLC, Parse, LLC, Pinnacle Sweden AB, Siculus, LLC, Vitesse, LLC and WhatsApp Inc.
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By Vivian Park