Tributary Capital Management LLC decreased its position in shares of Facebook, Inc. (NASDAQ:FB) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,450 shares of the social networking company’s stock after selling 100 shares during the quarter. Tributary Capital Management LLC’s holdings in Facebook were worth $1,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cordasco Financial Network lifted its holdings in Facebook by 70.0% in the 2nd quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Whitnell & Co. purchased a new position in Facebook in the 4th quarter valued at $26,000. Jackson Grant Investment Advisers Inc. purchased a new position in Facebook in the 4th quarter valued at $31,000. Signet Investment Advisory Group Inc. purchased a new position in Facebook in the 4th quarter valued at $39,000. Finally, Thor Advisors LLC purchased a new position in Facebook in the 1st quarter valued at $70,000. 61.84% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on FB. Pivotal Research reiterated a “buy” rating and set a $225.00 price target (up previously from $220.00) on shares of Facebook in a report on Thursday. Canaccord Genuity lifted their price target on Marathon Gold from C$1.80 to C$2.00 in a report on Thursday. Deutsche Bank reiterated a “buy” rating on shares of Continental in a report on Wednesday, July 24th. JMP Securities lifted their price target on Facebook from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, SunTrust Banks reiterated a “buy” rating and set a $215.00 price target on shares of Facebook in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $219.67.

In other news, COO Sheryl Sandberg sold 55,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $195.13, for a total transaction of $10,732,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David M. Wehner sold 10,748 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $184.50, for a total value of $1,983,006.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 306,480 shares of company stock valued at $56,660,885. Corporate insiders own 14.53% of the company’s stock.

NASDAQ FB traded down $3.80 during trading on Monday, hitting $195.95. The stock had a trading volume of 8,941,076 shares, compared to its average volume of 15,401,259. The company has a market capitalization of $570.18 billion, a P/E ratio of 25.89, a PEG ratio of 1.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.47 and a quick ratio of 4.47. The business’s 50 day moving average is $192.39. Facebook, Inc. has a twelve month low of $123.02 and a twelve month high of $208.66.

Facebook (NASDAQ:FB) last announced its quarterly earnings data on Wednesday, July 24th. The social networking company reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.09. Facebook had a return on equity of 20.09% and a net margin of 27.26%. The business had revenue of $16.89 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the company posted $1.74 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. On average, equities research analysts forecast that Facebook, Inc. will post 8.13 EPS for the current year.

Facebook Company Profile

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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