Brown Advisory Inc. Acquires 994 Shares of Meta Platforms, Inc. (NASDAQ:META)

Brown Advisory Inc. lifted its holdings in Meta Platforms, Inc. (NASDAQ:METAGet Rating) by 0.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 896,928 shares of the social networking company’s stock after purchasing an additional 994 shares during the period. Brown Advisory Inc.’s holdings in Meta Platforms were worth $212,179,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Landmark Wealth Management LLC acquired a new stake in Meta Platforms during the first quarter valued at approximately $26,000. Disciplined Investments LLC boosted its holdings in Meta Platforms by 583.3% during the first quarter. Disciplined Investments LLC now owns 123 shares of the social networking company’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Barnett & Company Inc. boosted its holdings in Meta Platforms by 105.0% during the fourth 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 in the last quarter. Rise Advisors LLC acquired a new stake in Meta Platforms during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in Meta Platforms during the fourth quarter valued at approximately $31,000. 65.49% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 311 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $199.60, for a total transaction of $62,075.60. Following the completion of the transaction, the insider now directly owns 12,187 shares in the company, valued at approximately $2,432,525.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Jennifer Newstead sold 311 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $199.60, for a total transaction of $62,075.60. Following the completion of the transaction, the insider now directly owns 12,187 shares in the company, valued at approximately $2,432,525.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicholas Clegg sold 6,425 shares of the stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $202.16, for a total transaction of $1,298,878.00. Following the transaction, the insider now owns 9,596 shares of the company’s stock, valued at $1,939,927.36. The disclosure for this sale can be found here. Insiders sold a total of 45,236 shares of company stock worth $8,958,728 in the last three months. Insiders own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on META shares. Barclays decreased their price objective on Meta Platforms from $370.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, July 5th. UBS Group reduced their target price on Meta Platforms from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Cowen reduced their target price on Meta Platforms from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Wednesday, July 13th. Mizuho reduced their target price on Meta Platforms from $325.00 to $250.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Finally, Evercore ISI reduced their target price on Meta Platforms from $280.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $257.98.

Meta Platforms Stock Performance

NASDAQ META traded down $4.48 on Friday, reaching $166.09. The company had a trading volume of 531,474 shares, compared to its average volume of 33,813,188. The firm has a market capitalization of $449.49 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. Meta Platforms, Inc. has a 1-year low of $154.25 and a 1-year high of $384.33. The company’s fifty day moving average is $166.69 and its 200-day moving average is $182.90.

Meta Platforms (NASDAQ:METAGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The social networking company reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.04). Meta Platforms had a return on equity of 26.52% and a net margin of 28.16%. The business had revenue of $28.82 billion for the quarter, compared to analyst estimates of $28.95 billion. During the same quarter in the prior year, the company earned $3.61 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, research analysts forecast that Meta Platforms, Inc. will post 9.58 earnings per share for the current year.

Meta Platforms 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.

Read More

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAGet Rating).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.