Curated Wealth Partners LLC Acquires 62 Shares of Meta Platforms, Inc. (NASDAQ:META)

Curated Wealth Partners LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,698 shares of the social networking company’s stock after buying an additional 62 shares during the period. Curated Wealth Partners LLC’s holdings in Meta Platforms were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of META. McLean Asset Management Corp lifted its position in Meta Platforms by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 1,127 shares of the social networking company’s stock valued at $323,000 after purchasing an additional 35 shares during the last quarter. Financial Avengers Inc. lifted its position in Meta Platforms by 10.4% in the 1st quarter. Financial Avengers Inc. now owns 457 shares of the social networking company’s stock valued at $97,000 after purchasing an additional 43 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its position in Meta Platforms by 0.8% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 5,570 shares of the social networking company’s stock valued at $1,181,000 after purchasing an additional 45 shares during the last quarter. Red Tortoise LLC lifted its position in Meta Platforms by 32.2% in the 1st quarter. Red Tortoise LLC now owns 189 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 46 shares during the last quarter. Finally, Riverview Trust Co lifted its position in Meta Platforms by 0.7% in the 1st quarter. Riverview Trust Co now owns 7,177 shares of the social networking company’s stock valued at $1,521,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 62.87% of the company’s stock.

Meta Platforms Price Performance

NASDAQ:META opened at $300.31 on Monday. The stock has a market cap of $772.75 billion, a P/E ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.23. Meta Platforms, Inc. has a one year low of $88.09 and a one year high of $326.20. The company has a fifty day moving average price of $302.23 and a 200 day moving average price of $259.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.32 and a quick ratio of 2.32.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 26th. The social networking company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.87 by $0.36. The firm had revenue of $32 billion during the quarter, compared to analysts’ expectations of $30.91 billion. Meta Platforms had a net margin of 18.70% and a return on equity of 21.72%. Analysts anticipate that Meta Platforms, Inc. will post 13.17 earnings per share for the current year.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 722 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $317.67, for a total value of $229,357.74. Following the sale, the insider now owns 30,868 shares of the company’s stock, valued at approximately $9,805,837.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Meta Platforms news, insider Jennifer Newstead sold 722 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $317.67, for a total value of $229,357.74. Following the sale, the insider now owns 30,868 shares of the company’s stock, valued at approximately $9,805,837.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 4,277 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $293.00, for a total transaction of $1,253,161.00. Following the completion of the sale, the chief operating officer now directly owns 82,858 shares in the company, valued at approximately $24,277,394. The disclosure for this sale can be found here. Insiders sold a total of 41,179 shares of company stock worth $12,474,820 in the last ninety days. 13.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on META shares. Truist Financial lifted their price objective on shares of Meta Platforms from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Oppenheimer boosted their price target on shares of Meta Platforms from $350.00 to $385.00 in a research report on Thursday, July 27th. Citigroup boosted their price target on shares of Meta Platforms from $360.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Mizuho boosted their price target on shares of Meta Platforms from $280.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group boosted their price target on shares of Meta Platforms from $361.00 to $407.00 in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $319.79.

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.