Fort Sheridan Advisors LLC Sells 255 Shares of Meta Platforms, Inc. (NASDAQ:FB)

Fort Sheridan Advisors LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:FBGet Rating) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,103 shares of the social networking company’s stock after selling 255 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Meta Platforms were worth $2,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barnett & Company Inc. boosted its holdings 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 valued at $28,000 after purchasing an additional 42 shares during the period. Evolution Advisers Inc. purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $48,000. Horan Securities Inc. purchased a new stake in Meta Platforms during the fourth quarter worth $53,000. Maryland Capital Advisors Inc. purchased a new stake in Meta Platforms during the fourth quarter worth $58,000. Finally, Leverty Financial Group LLC purchased a new stake in Meta Platforms during the fourth quarter worth $60,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO David M. Wehner sold 1,095 shares of Meta Platforms stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $217.70, for a total transaction of $238,381.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 311 shares of Meta Platforms stock in a transaction 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 sale, the insider now directly owns 12,187 shares of the company’s stock, valued at $2,432,525.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,768 shares of company stock valued at $1,858,518. Insiders own 13.59% of the company’s stock.

Several brokerages have recently commented on FB. Oppenheimer decreased their price objective on Meta Platforms from $405.00 to $375.00 and set an “outperform” rating for the company in a report on Thursday, February 3rd. Benchmark began coverage on Meta Platforms in a report on Tuesday, March 1st. They set a “hold” rating for the company. Raymond James decreased their price objective on Meta Platforms from $340.00 to $290.00 in a report on Thursday, April 28th. Robert W. Baird decreased their price objective on Meta Platforms from $390.00 to $325.00 and set an “outperform” rating for the company in a report on Thursday, February 3rd. Finally, lowered Meta Platforms from a “buy” rating to a “hold” rating and decreased their price objective for the company from $415.00 to $280.00 in a report on Friday, February 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $316.80.

Shares of NASDAQ FB traded up $7.38 during midday trading on Friday, reaching $198.62. 24,524,937 shares of the stock were exchanged, compared to its average volume of 38,863,792. Meta Platforms, Inc. has a twelve month low of $169.00 and a twelve month high of $384.33. The company has a 50 day simple moving average of $207.75 and a 200 day simple moving average of $268.60. The stock has a market capitalization of $537.53 billion, a P/E ratio of 15.02, a PEG ratio of 1.19 and a beta of 1.37.

Meta Platforms (NASDAQ:FBGet Rating) last posted its earnings results on Wednesday, April 27th. The social networking company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.06. Meta Platforms had a net margin of 31.20% and a return on equity of 28.74%. During the same period in the prior year, the firm posted $3.30 earnings per share. On average, research analysts predict that Meta Platforms, Inc. will post 11.63 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.

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

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