RiverPark Advisors LLC reduced its position in Facebook, Inc. (NASDAQ:FB) by 33.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,828 shares of the social networking company’s stock after selling 22,235 shares during the quarter. Facebook comprises approximately 0.8% of RiverPark Advisors LLC’s investment portfolio, making the stock its 22nd largest position. RiverPark Advisors LLC’s holdings in Facebook were worth $6,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI increased its stake in shares of Facebook by 20.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 721 shares of the social networking company’s stock worth $102,000 after acquiring an additional 120 shares during the last quarter. D. Scott Neal Inc. increased its stake in shares of Facebook by 1,358.0% in the 2nd quarter. D. Scott Neal Inc. now owns 729 shares of the social networking company’s stock worth $110,000 after acquiring an additional 679 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Facebook by 4.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 809 shares of the social networking company’s stock worth $122,000 after acquiring an additional 34 shares during the last quarter. Pacific Center for Financial Services increased its stake in shares of Facebook by 10.7% in the 1st quarter. Pacific Center for Financial Services now owns 910 shares of the social networking company’s stock worth $129,000 after acquiring an additional 88 shares during the last quarter. Finally, Crow Point Partners LLC acquired a new stake in shares of Facebook in the 2nd quarter worth $142,000. 57.27% of the stock is owned by institutional investors and hedge funds.

Shares of Facebook, Inc. (FB) opened at $178.92 on Friday. The stock has a market capitalization of $519.62 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.28 and a beta of 0.67.

Facebook (NASDAQ:FB) last issued its earnings results on Wednesday, November 1st. The social networking company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The business’s quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. research analysts expect that Facebook, Inc. will post 5.45 EPS for the current year.

A number of equities analysts have recently weighed in on the company. Canaccord Genuity increased their price target on Facebook from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. Macquarie set a $205.00 price target on Facebook and gave the stock a “buy” rating in a report on Thursday. Credit Suisse Group reiterated an “outperform” rating and set a $230.00 price target (down from $235.00) on shares of Facebook in a report on Thursday. Robert W. Baird set a $200.00 price target on Facebook and gave the stock a “buy” rating in a report on Thursday. Finally, Jefferies Group LLC increased their price target on Facebook to $225.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, two have given a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $196.80.

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In other Facebook news, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the transaction, the vice president now owns 92,591 shares of the company’s stock, valued at $15,204,368.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jan Koum sold 2,600,000 shares of Facebook stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,306,683 shares of company stock worth $1,441,300,245. 19.08% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Facebook (NASDAQ:FB)

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