November 29, 2016 - By Adrian Mccoy
Facebook Inc director Jan Koum on the November 28, 2016 sold a total of 237,699 shares of the corporation with value $28,631,165 US Dollars. This is based on an average share price of $120.5 US Dollars. In the last month, she also unloaded 1,004,974 shares with a market value $118,892,545 USD. At present, Jan Koum owns 30.43 million shares which are roughly 1.06% of the Company’s market cap.
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 19.93% above today’s ($120.3) stock price. Facebook has been the topic of 113 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, November 3 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $130 target price in Thursday, January 28 report. The firm has “Buy” rating given on Monday, January 25 by Suntrust Robinson. As per Thursday, November 3, the company rating was maintained by Wells Fargo. The stock has “Overweight” rating given by Piper Jaffray on Thursday, July 30. The firm has “Buy” rating given on Thursday, August 27 by Cantor Fitzgerald. Bank of America maintained it with “Buy” rating and $115 target price in Monday, August 10 report. The firm has “Buy” rating by Rosenblatt given on Thursday, July 30. The firm earned “Buy” rating on Friday, September 23 by Loop Capital. The company was maintained on Thursday, November 5 by FBR Capital.
Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.17, from 1.23 in 2016Q1. The ratio improved, 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.
Hudson Canyon Invest Counselors Ltd Limited Liability Company accumulated 1.9% or 14,519 shares. Sandy Spring National Bank has 0.34% invested in the company for 25,990 shares. Davis Selected Advisers has 1.31% invested in the company for 2.60 million shares. Dg has 3.42% invested in the company for 28,033 shares. First Retail Bank Of Hutchinson has 0.58% invested in the company for 7,829 shares. Hamel Associates, a New Jersey-based fund reported 1,895 shares. Eastern National Bank owns 98,540 shares or 0.91% of their US portfolio. Hikari Pwr accumulated 7,000 shares or 0.09% of the stock. Tortoise Investment Mgmt Ltd Liability reported 1,402 shares or 0.06% of all its holdings. Css Lc Il owns 3,475 shares or 0.03% of their US portfolio. Northpointe Ltd Limited Liability Company owns 23,288 shares or 0.31% of their US portfolio. Barrett Asset Mngmt Ltd reported 338,190 shares or 3.34% of all its holdings. Moreover, First Manhattan Com has 0.02% invested in Facebook Inc (NASDAQ:FB) for 26,827 shares. Coatue Mgmt Ltd Liability Co holds 6.89% of its portfolio in Facebook Inc (NASDAQ:FB) for 4.23M shares. Emerald Advisers Inc Pa has invested 0.05% of its portfolio in Facebook Inc (NASDAQ:FB).
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 95 selling transactions for $2.92 billion net activity. Another trade for 5,265 shares valued at $631,274 was sold by Wehner David M.. 750 shares with value of $91,763 were sold by Stretch Colin on Tuesday, November 22. Another trade for 15,600 shares valued at $1.89M was made by Cox Christopher K on Monday, July 25. Shares for $4.56M were sold by FISCHER DAVID B. on Thursday, September 8. $2.28M worth of shares were sold by Schroepfer Michael Todd on Friday, July 1. $72.74M worth of shares were sold by Koum Jan on Tuesday, September 27. 109,000 shares were sold by Sandberg Sheryl, worth $12.37 million.
About 18.10 million shares traded hands. Facebook Inc (NASDAQ:FB) has risen 9.34% since April 25, 2016 and is uptrending. It has outperformed by 3.32% 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 $345.72 billion. The Firm enables people to share their opinions, ideas, photos and videos, and other activities. It has a 46.48 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.”
Analysts await Facebook Inc (NASDAQ:FB) to report earnings on January, 25. They expect $1.09 EPS, up 84.75% or $0.50 from last year’s $0.59 per share. FB’s profit will be $3.13 billion for 27.59 P/E if the $1.09 EPS becomes a reality. After $0.88 actual EPS reported by Facebook Inc for the previous quarter, Wall Street now forecasts 23.86% EPS growth.
More notable recent Facebook Inc (NASDAQ:FB) news were published by: Usnews.com which released: “5 Reasons Facebook Inc. (FB) Stock Is a Phenomenal Long-Term Buy” on November 24, 2016, also Bloomberg.com with their article: “Facebook to Hire 500 New Staff in Major U.K. Expansion” published on November 21, 2016, Fool.com published: “Better Buy: Netflix, Inc. vs. Facebook, Inc.” on November 17, 2016. More interesting news about Facebook Inc (NASDAQ:FB) were released by: Investorplace.com and their article: “Facebook Inc Insider Stock Sales Pile Up (FB)” published on November 23, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Adrian Mccoy