Capital Advisors Ltd. LLC Acquires 105 Shares of Meta Platforms, Inc. (NASDAQ:META)

Capital Advisors Ltd. LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAGet Rating) by 3.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,927 shares of the social networking company’s stock after purchasing an additional 105 shares during the period. Capital Advisors Ltd. LLC’s holdings in Meta Platforms were worth $651,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of META. BlackRock Inc. lifted its position in shares of Meta Platforms by 1.2% during the fourth quarter. BlackRock Inc. now owns 158,101,319 shares of the social networking company’s stock valued at $53,177,378,000 after buying an additional 1,909,538 shares during the last quarter. State Street Corp grew its holdings in Meta Platforms by 2.0% in the fourth quarter. State Street Corp now owns 94,303,590 shares of the social networking company’s stock worth $31,719,012,000 after purchasing an additional 1,887,737 shares during the last quarter. Capital International Investors increased its position in shares of Meta Platforms by 5.9% during the fourth quarter. Capital International Investors now owns 51,769,038 shares of the social networking company’s stock worth $17,413,576,000 after purchasing an additional 2,888,336 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Meta Platforms by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 40,627,257 shares of the social networking company’s stock valued at $13,629,910,000 after purchasing an additional 950,662 shares during the last quarter. Finally, Norges Bank purchased a new stake in Meta Platforms in the fourth quarter valued at about $9,595,113,000. Institutional investors own 65.49% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, CAO Susan J.S. Taylor sold 1,420 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $202.16, for a total value of $287,067.20. Following the sale, the chief accounting officer now directly owns 1,605 shares in the company, valued at approximately $324,466.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jennifer Newstead sold 342 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $158.14, for a total value of $54,083.88. Following the transaction, the insider now directly owns 16,721 shares of the company’s stock, valued at approximately $2,644,258.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Susan J.S. Taylor sold 1,420 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $202.16, for a total transaction of $287,067.20. Following the completion of the sale, the chief accounting officer now directly owns 1,605 shares of the company’s stock, valued at $324,466.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,236 shares of company stock valued at $8,958,728. 13.59% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Down 2.0 %

Shares of META stock opened at $167.11 on Friday. Meta Platforms, Inc. has a 52 week low of $154.25 and a 52 week high of $384.33. The firm has a 50 day moving average of $166.98 and a two-hundred day moving average of $182.37. The stock has a market capitalization of $449.12 billion, a PE ratio of 13.85, a P/E/G ratio of 2.26 and a beta of 1.32.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Atlantic Securities set a $215.00 target price on shares of Meta Platforms in a research note on Tuesday, July 19th. Needham & Company LLC lowered shares of Meta Platforms from a “hold” rating to an “underperform” rating in a report on Monday, July 11th. Royal Bank of Canada reduced their target price on Meta Platforms from $245.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 13th. MKM Partners dropped their price target on Meta Platforms from $295.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Finally, KeyCorp reduced their price objective on Meta Platforms from $280.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.98.

About Meta Platforms

(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.

Further Reading

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.