Drucker Wealth 3.0 LLC Buys 463 Shares of Meta Platforms, Inc. (NASDAQ:META)

Drucker Wealth 3.0 LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,486 shares of the social networking company’s stock after buying an additional 463 shares during the quarter. Meta Platforms makes up 1.3% of Drucker Wealth 3.0 LLC’s holdings, making the stock its 21st biggest holding. Drucker Wealth 3.0 LLC’s holdings in Meta Platforms were worth $5,554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth $40,000. WealthTrak Capital Management LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Meta Platforms during the fourth quarter worth $45,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms in the fourth quarter worth $47,000. Finally, Conquis Financial LLC bought a new stake in shares of Meta Platforms in the fourth quarter worth $59,000. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on META shares. Mizuho boosted their price objective on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Scotiabank reduced their price objective on shares of Meta Platforms from $627.00 to $525.00 and set a “sector perform” rating on the stock in a research note on Monday, April 21st. Argus set a $775.00 price objective on shares of Meta Platforms in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Meta Platforms from $752.00 to $664.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Finally, Evercore ISI upped their price target on shares of Meta Platforms from $725.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $701.05.

Insider Activity

In related news, COO Javier Olivan sold 406 shares of Meta Platforms stock in a transaction on Monday, April 21st. The shares were sold at an average price of $491.69, for a total value of $199,626.14. Following the transaction, the chief operating officer now owns 4,608 shares in the company, valued at $2,265,707.52. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 22,449 shares of Meta Platforms stock in a transaction on Friday, May 16th. The stock was sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the completion of the transaction, the chief technology officer now owns 1,183 shares in the company, valued at approximately $753,393.55. The trade was a 94.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,157 shares of company stock worth $49,411,000. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 1.5%

META 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. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The firm has a market capitalization of $1.58 trillion, a PE ratio of 26.21, a P/E/G ratio of 1.42 and a beta of 1.24. The company’s 50-day moving average is $574.80 and its 200 day moving average is $608.90.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating 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 net margin of 37.91% and a return on equity of 38.17%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.71 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Company 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.