Fort Sheridan Advisors LLC Boosts Holdings in Meta Platforms, Inc. (NASDAQ:META)

Fort Sheridan Advisors LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:METAGet Rating) by 19.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,462 shares of the social networking company’s stock after purchasing an additional 1,359 shares during the period. Fort Sheridan Advisors LLC’s holdings in Meta Platforms were worth $1,882,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in META. Barnett & Company Inc. increased its stake in shares of Meta Platforms by 105.0% in the fourth quarter. Barnett & Company Inc. now owns 82 shares of the social networking company’s stock worth $28,000 after buying an additional 42 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Meta Platforms in the fourth quarter worth $28,000. Disciplined Investments LLC increased its stake in shares of Meta Platforms by 583.3% in the first quarter. Disciplined Investments LLC now owns 123 shares of the social networking company’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Evolution Advisers Inc. bought a new stake in shares of Meta Platforms in the fourth quarter worth $48,000. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of Meta Platforms in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Meta Platforms Price Performance

NASDAQ:META opened at $167.11 on Friday. Meta Platforms, Inc. has a fifty-two week low of $154.25 and a fifty-two week high of $384.33. The stock’s 50-day moving average is $166.98 and its two-hundred day moving average is $182.37. The stock has a market cap of $449.12 billion, a PE ratio of 13.85, a price-to-earnings-growth 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 for the quarter, missing the consensus estimate of $2.50 by ($0.04). The business had revenue of $28.82 billion for 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 was down .9% compared to the same quarter last year. During the same period last year, the firm earned $3.61 EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 9.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on META shares. Itau BBA Securities started coverage on shares of Meta Platforms in a research note on Tuesday, July 26th. They issued a “market perform” rating and a $188.00 price target for the company. Rosenblatt Securities decreased their price objective on shares of Meta Platforms from $212.00 to $181.00 and set a “neutral” rating for the company in a report on Monday, July 25th. Royal Bank of Canada decreased their price objective on shares of Meta Platforms from $245.00 to $240.00 and set an “outperform” rating for the company in a report on Wednesday, April 13th. Susquehanna decreased their price objective on shares of Meta Platforms from $375.00 to $290.00 in a report on Thursday, April 28th. Finally, Citigroup decreased their price objective on shares of Meta Platforms from $270.00 to $222.00 and set a “buy” rating for the company in a report on Thursday, July 28th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.98.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 311 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was 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 $2,432,525.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Susan J.S. Taylor sold 1,420 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $202.16, for a total value of $287,067.20. Following the completion of the transaction, the chief accounting officer now directly owns 1,605 shares in the company, valued at $324,466.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 311 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $199.60, for a total value of $62,075.60. Following the completion of the transaction, the insider now owns 12,187 shares of the company’s stock, valued at $2,432,525.20. The disclosure for this sale can be found here. Insiders sold 45,236 shares of company stock valued at $8,958,728 over the last 90 days. 13.59% of the stock is currently owned by company insiders.

Meta Platforms Profile

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

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