Amiral Gestion Makes New Investment in Meta Platforms, Inc. (NASDAQ:META)

Amiral Gestion purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,909 shares of the social networking company’s stock, valued at approximately $21,610,000. Meta Platforms accounts for approximately 13.6% of Amiral Gestion’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in Meta Platforms in the fourth quarter worth approximately $40,000. WealthTrak Capital Management LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Meta Platforms during the fourth quarter valued at about $45,000. Stuart Chaussee & Associates Inc. acquired a new position in Meta Platforms during the fourth quarter worth about $47,000. Finally, Conquis Financial LLC bought a new stake in Meta Platforms in the fourth quarter worth about $59,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 5,057 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $3,334,383.52. Following the transaction, the chief technology officer now owns 16,463 shares of the company’s stock, valued at $10,855,043.68. The trade was a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 608 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $686.28, for a total transaction of $417,258.24. Following the completion of the transaction, the chief operating officer now directly owns 9,270 shares of the company’s stock, valued at $6,361,815.60. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,157 shares of company stock worth $49,411,000. Insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on META shares. Rosenblatt Securities boosted their target price on Meta Platforms from $846.00 to $918.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Guggenheim boosted their price objective on Meta Platforms from $675.00 to $725.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. DA Davidson reduced their price objective on shares of Meta Platforms from $800.00 to $650.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Arete Research raised shares of Meta Platforms to a “hold” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group cut their price target on shares of Meta Platforms from $725.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $701.05.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $627.06 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $1.58 trillion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The stock’s 50-day moving average is $574.80 and its 200-day moving average is $608.90. Meta Platforms, Inc. has a one year low of $442.65 and a one year high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.71 EPS. Equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, 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, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.