West Oak Capital LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META – Get Rating) by 7.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,645 shares of the social networking company’s stock after selling 200 shares during the quarter. West Oak Capital LLC’s holdings in Meta Platforms were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Barnett & Company Inc. increased its position in shares of Meta Platforms by 105.0% during the 4th quarter. Barnett & Company Inc. now owns 82 shares of the social networking company’s stock valued at $28,000 after purchasing an additional 42 shares during the last quarter. Rise Advisors LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $28,000. Evolution Advisers Inc. bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $48,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $31,000. Finally, Advocacy Wealth Management Services LLC increased its position in shares of Meta Platforms by 65.9% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 151 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 60 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on META shares. The Goldman Sachs Group dropped their price objective on Meta Platforms from $300.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, June 9th. StockNews.com started coverage on Meta Platforms in a report on Thursday, March 31st. They set a “hold” rating for the company. Mizuho dropped their price objective on Meta Platforms from $425.00 to $325.00 and set a “buy” rating for the company in a report on Monday, April 25th. Royal Bank of Canada dropped their price objective on Meta Platforms from $245.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, April 13th. Finally, Morgan Stanley dropped their price objective on Meta Platforms from $330.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $301.59.
Shares of NASDAQ:META opened at $161.25 on Friday. The business’s 50-day moving average is $185.76 and its 200 day moving average is $233.34. Meta Platforms, Inc. has a 1 year low of $154.25 and a 1 year high of $384.33. The firm has a market capitalization of $436.39 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.33 and a beta of 1.37.
Meta Platforms (NASDAQ:META – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The social networking company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.18. The business had revenue of $27.91 billion for the quarter, compared to analyst estimates of $28.21 billion. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. During the same period in the prior year, the company earned $3.30 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 11.63 earnings per share for the current fiscal year.
Meta Platforms Company Profile (Get Rating)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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