Tributary Capital Management LLC decreased its holdings in Facebook, Inc. (NASDAQ:FB) by 18.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,000 shares of the social networking company’s stock after selling 2,100 shares during the period. Tributary Capital Management LLC’s holdings in Facebook were worth $1,359,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Gilman Hill Asset Management LLC boosted its stake in shares of Facebook by 22.9% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 7,936 shares of the social networking company’s stock valued at $1,198,000 after purchasing an additional 1,480 shares in the last quarter. Benin Management CORP boosted its stake in shares of Facebook by 30.2% in the 2nd quarter. Benin Management CORP now owns 4,673 shares of the social networking company’s stock valued at $706,000 after purchasing an additional 1,085 shares in the last quarter. Appropriate Balance Financial Services Inc. boosted its stake in shares of Facebook by 5.2% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 1,121 shares of the social networking company’s stock valued at $7,429,000 after purchasing an additional 55 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Facebook by 10.5% in the 2nd quarter. Greenleaf Trust now owns 8,230 shares of the social networking company’s stock valued at $1,243,000 after purchasing an additional 780 shares in the last quarter. Finally, Jag Capital Management LLC boosted its stake in shares of Facebook by 46.5% in the 2nd quarter. Jag Capital Management LLC now owns 110,874 shares of the social networking company’s stock valued at $16,739,000 after purchasing an additional 35,189 shares in the last quarter. 57.30% of the stock is owned by institutional investors.

In other news, Director Jan Koum sold 3,600,000 shares of Facebook stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $160.06, for a total value of $576,216,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $171.59, for a total value of $128,692.50. Following the completion of the transaction, the vice president now owns 94,841 shares of the company’s stock, valued at approximately $16,273,767.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,807,956 shares of company stock valued at $2,088,986,365. Company insiders own 19.08% of the company’s stock.

A number of equities research analysts recently commented on FB shares. Canaccord Genuity reiterated a “buy” rating and set a $175.00 price target on shares of Facebook in a report on Friday, June 16th. Vetr lowered shares of Facebook from a “buy” rating to a “hold” rating and set a $156.06 price target for the company. in a report on Thursday, May 25th. Cantor Fitzgerald set a $180.00 price target on shares of Facebook and gave the company a “buy” rating in a report on Tuesday, June 20th. Robert W. Baird reiterated a “buy” rating and set a $185.00 price target on shares of Facebook in a report on Friday, September 1st. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Facebook in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the stock. Facebook currently has an average rating of “Buy” and an average target price of $183.74.

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Facebook, Inc. (NASDAQ FB) traded down 1.30% on Friday, reaching $170.95. 10,998,459 shares of the company’s stock traded hands. The stock has a market capitalization of $496.47 billion, a price-to-earnings ratio of 38.26 and a beta of 0.76. Facebook, Inc. has a 52 week low of $113.55 and a 52 week high of $175.49. The firm has a 50-day moving average price of $169.23 and a 200-day moving average price of $152.48.

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

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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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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