Quilter Plc Has $29.96 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Quilter Plc lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,454 shares of the social networking company’s stock after purchasing an additional 10,946 shares during the quarter. Quilter Plc’s holdings in Meta Platforms were worth $29,959,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Meta Platforms by 2.2% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 7,934 shares of the social networking company’s stock worth $2,382,000 after buying an additional 173 shares during the last quarter. Eldridge Investment Advisors Inc. grew its stake in Meta Platforms by 11.5% in the 3rd quarter. Eldridge Investment Advisors Inc. now owns 970 shares of the social networking company’s stock valued at $291,000 after purchasing an additional 100 shares during the period. Leelyn Smith LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter valued at $210,000. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Meta Platforms by 4.2% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 5,047 shares of the social networking company’s stock worth $1,515,000 after purchasing an additional 202 shares during the period. Finally, XML Financial LLC boosted its holdings in shares of Meta Platforms by 7.5% in the 3rd quarter. XML Financial LLC now owns 1,734 shares of the social networking company’s stock worth $521,000 after buying an additional 121 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Up 2.7 %

Shares of NASDAQ:META traded up $12.44 during midday trading on Friday, reaching $478.22. The company’s stock had a trading volume of 12,024,254 shares, compared to its average volume of 14,801,451. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $484.07 and a 200-day moving average of $426.02. The firm has a market capitalization of $1.21 trillion, a P/E ratio of 27.47, a PEG ratio of 1.21 and a beta of 1.21. Meta Platforms, Inc. has a 12-month low of $249.17 and a 12-month high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. On average, research analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group lowered their price objective on Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Roth Mkm boosted their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. BNP Paribas began coverage on shares of Meta Platforms in a report on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price objective for the company. Finally, Sanford C. Bernstein decreased their price objective on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 77,412 shares of Meta Platforms stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $483.34, for a total value of $37,416,316.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $467.57, for a total value of $423,150.85. Following the completion of the transaction, the insider now owns 43,275 shares in the company, valued at $20,234,091.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 77,412 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $483.34, for a total value of $37,416,316.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 886,466 shares of company stock worth $438,582,433. 13.71% of the stock is owned by insiders.

Meta Platforms 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.