Capital Advisors Ltd. LLC Acquires 105 Shares of Meta Platforms, Inc. (NASDAQ:META)

Capital Advisors Ltd. LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAGet Rating) by 3.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,927 shares of the social networking company’s stock after acquiring an additional 105 shares during the period. Capital Advisors Ltd. LLC’s holdings in Meta Platforms were worth $651,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Meta Platforms by 13.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 627,832 shares of the social networking company’s stock worth $211,181,000 after acquiring an additional 74,049 shares in the last quarter. TrueWealth Advisors LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at about $250,000. Helios Capital Management PTE. Ltd. acquired a new position in shares of Meta Platforms in the 4th quarter valued at approximately $3,733,000. Intelligence Driven Advisers LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $276,000. Finally, Investment Management of Virginia LLC raised its holdings in Meta Platforms by 27.7% during the 4th quarter. Investment Management of Virginia LLC now owns 921 shares of the social networking company’s stock worth $310,000 after buying an additional 200 shares during the period. Institutional investors own 65.49% of the company’s stock.

Insider Activity

In other Meta Platforms news, CAO Susan J.S. Taylor sold 1,420 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $202.16, for a total transaction of $287,067.20. Following the sale, the chief accounting officer now owns 1,605 shares of the company’s stock, valued at $324,466.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CTO Andrew Bosworth sold 11,718 shares of Meta Platforms stock in a transaction dated Sunday, May 15th. The stock was sold at an average price of $198.62, for a total transaction of $2,327,429.16. Following the sale, the chief technology officer now directly owns 11,913 shares of the company’s stock, valued at $2,366,160.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Susan J.S. Taylor sold 1,420 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $202.16, for a total value of $287,067.20. Following the sale, the chief accounting officer now owns 1,605 shares in the company, valued at $324,466.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,236 shares of company stock worth $8,958,728. Corporate insiders own 13.59% of the company’s stock.

Meta Platforms Price Performance

Shares of META opened at $167.11 on Friday. The firm has a 50 day simple moving average of $166.98 and a two-hundred day simple moving average of $182.37. Meta Platforms, Inc. has a one year low of $154.25 and a one year high of $384.33. The company has a market cap of $449.12 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.26 and a beta of 1.32.

Meta Platforms (NASDAQ:METAGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The social networking company reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.04). The business had revenue of $28.82 billion for the quarter, compared to analyst estimates of $28.95 billion. Meta Platforms had a return on equity of 26.52% and a net margin of 28.16%. Meta Platforms’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $3.61 EPS. On average, analysts expect that Meta Platforms, Inc. will post 9.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

META has been the subject of several research analyst reports. Cowen reduced their price target on shares of Meta Platforms from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, July 13th. Needham & Company LLC cut Meta Platforms from a “hold” rating to an “underperform” rating in a report on Monday, July 11th. Moffett Nathanson reduced their price objective on Meta Platforms to $280.00 in a research report on Thursday, May 26th. UBS Group cut their target price on Meta Platforms from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Finally, Itau BBA Securities initiated coverage on shares of Meta Platforms in a research note on Tuesday, July 26th. They set a “market perform” rating and a $188.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.98.

Meta Platforms Company 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.

Further Reading

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

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