Tributary Capital Management LLC Purchases 450 Shares of Facebook, Inc. (NASDAQ:FB)

Tributary Capital Management LLC boosted its position in Facebook, Inc. (NASDAQ:FB) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,750 shares of the social networking company’s stock after buying an additional 450 shares during the quarter. Tributary Capital Management LLC’s holdings in Facebook were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cavalier Investments LLC grew its stake in shares of Facebook by 99.9% in the third quarter. Cavalier Investments LLC now owns 1,925 shares of the social networking company’s stock worth $343,000 after acquiring an additional 962 shares during the last quarter. Martin Investment Management LLC boosted its position in shares of Facebook by 5.2% during the third quarter. Martin Investment Management LLC now owns 66,928 shares of the social networking company’s stock valued at $11,919,000 after buying an additional 3,294 shares during the last quarter. Green Square Asset Management LLC boosted its position in shares of Facebook by 288.0% during the second quarter. Green Square Asset Management LLC now owns 14,187 shares of the social networking company’s stock valued at $2,738,000 after buying an additional 10,531 shares during the last quarter. First Financial Bank Trust Division purchased a new stake in shares of Facebook during the fourth quarter valued at $245,000. Finally, Winthrop Advisory Group LLC boosted its position in shares of Facebook by 1.9% during the fourth quarter. Winthrop Advisory Group LLC now owns 3,444 shares of the social networking company’s stock valued at $707,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 63.77% of the company’s stock.

Several research firms recently commented on FB. Summit Redstone began coverage on Facebook in a research report on Friday, September 27th. They set a “buy” rating on the stock. SunTrust Banks increased their price objective on Facebook from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Zacks Investment Research cut Facebook from a “hold” rating to a “sell” rating and set a $229.00 price objective on the stock. in a research report on Friday, January 10th. BMO Capital Markets dropped their price objective on Facebook from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Thursday, October 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price objective on shares of Facebook in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, forty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $238.04.

In other news, CEO Mark Zuckerberg sold 125,600 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $184.78, for a total value of $23,208,368.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jennifer Newstead sold 260 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $197.40, for a total value of $51,324.00. Following the completion of the transaction, the vice president now directly owns 6,717 shares in the company, valued at approximately $1,325,935.80. The disclosure for this sale can be found here. Insiders sold 1,220,900 shares of company stock worth $231,834,951 in the last ninety days. Corporate insiders own 14.53% of the company’s stock.

NASDAQ FB opened at $221.77 on Friday. The stock’s 50-day moving average price is $206.14 and its 200-day moving average price is $193.86. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.09. Facebook, Inc. has a 52 week low of $142.52 and a 52 week high of $222.38. The company has a market capitalization of $632.43 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05.

Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.91 by $0.21. Facebook had a return on equity of 20.39% and a net margin of 27.08%. The firm had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the company earned $1.76 earnings per share. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. Research analysts anticipate that Facebook, Inc. will post 8.48 EPS for the current year.

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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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