Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Bard Financial Services Inc.

Bard Financial Services Inc. increased its holdings in Meta Platforms, Inc. (NASDAQ:METAGet Rating) by 44.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,350 shares of the social networking company’s stock after buying an additional 5,345 shares during the quarter. Bard Financial Services Inc.’s holdings in Meta Platforms were worth $3,858,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of META. Norges Bank purchased a new position in Meta Platforms in the 4th quarter valued at $9,595,113,000. Dodge & Cox lifted its holdings in Meta Platforms by 78.7% during the 4th quarter. Dodge & Cox now owns 6,655,324 shares of the social networking company’s stock worth $2,238,518,000 after buying an additional 2,931,894 shares in the last quarter. Capital International Investors lifted its holdings in Meta Platforms by 5.9% during the 4th quarter. Capital International Investors now owns 51,769,038 shares of the social networking company’s stock worth $17,413,576,000 after buying an additional 2,888,336 shares in the last quarter. HS Management Partners LLC raised its holdings in shares of Meta Platforms by 463.7% in the 4th quarter. HS Management Partners LLC now owns 2,826,830 shares of the social networking company’s stock valued at $182,104,000 after purchasing an additional 2,325,382 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of Meta Platforms by 52.7% in the 4th quarter. TD Asset Management Inc. now owns 6,124,750 shares of the social networking company’s stock valued at $2,060,059,000 after purchasing an additional 2,114,636 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

In other Meta Platforms news, insider Jennifer Newstead sold 342 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $165.89, for a total transaction of $56,734.38. Following the completion of the transaction, the insider now owns 19,115 shares of the company’s stock, valued at approximately $3,170,987.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,718 shares of the company’s stock in a transaction that occurred on Sunday, May 15th. The shares were sold at an average price of $198.62, for a total value of $2,327,429.16. Following the transaction, the chief technology officer now directly owns 11,913 shares of the company’s stock, valued at approximately $2,366,160.06. The disclosure for this sale can be found here. In the last three months, insiders sold 45,698 shares of company stock valued at $9,181,081. 13.59% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Meta Platforms from $330.00 to $310.00 in a research report on Tuesday, May 24th. MKM Partners cut their target price on shares of Meta Platforms from $315.00 to $295.00 in a research report on Thursday, April 28th. Mizuho cut their price objective on shares of Meta Platforms from $425.00 to $325.00 and set a “buy” rating for the company in a research report on Monday, April 25th. Credit Suisse Group upped their price target on shares of Meta Platforms to $273.00 in a research report on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Meta Platforms in a research note on Friday, March 11th. They set a “buy” rating and a $265.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $305.87.

Meta Platforms stock traded up $0.41 during midday trading on Thursday, hitting $156.26. 351,642 shares of the company’s stock were exchanged, compared to its average volume of 25,425,784. The stock has a 50-day moving average price of $190.82 and a two-hundred day moving average price of $239.46. Meta Platforms, Inc. has a 52-week low of $155.44 and a 52-week high of $384.33. The company has a market cap of $422.89 billion, a P/E ratio of 11.79, a PEG ratio of 1.23 and a beta of 1.37.

Meta Platforms (NASDAQ:METAGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The social networking company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.18. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. The firm had revenue of $27.91 billion during the quarter, compared to analysts’ expectations of $28.21 billion. During the same period in the prior year, the business earned $3.30 EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 11.63 earnings per share for the current year.

Meta Platforms Company 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:META)

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