Meta Platforms, Inc. (NASDAQ:META) Shares Sold by S&CO Inc.

S&CO Inc. cut its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,704 shares of the social networking company’s stock after selling 25 shares during the period. S&CO Inc.’s holdings in Meta Platforms were worth $2,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in META. Norges Bank acquired a new position in shares of Meta Platforms during the fourth quarter worth about $11,285,855,000. FMR LLC boosted its holdings in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after purchasing an additional 5,001,647 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Meta Platforms by 11,154.4% in the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock valued at $1,752,900,000 after purchasing an additional 4,908,251 shares in the last quarter. Concentrum Wealth Management boosted its holdings in Meta Platforms by 111.0% in the fourth quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock valued at $2,616,000 after purchasing an additional 3,888,308 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Meta Platforms by 55.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock valued at $2,591,602,000 after purchasing an additional 3,093,715 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on META. Mizuho upped their price target on Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Monness Crespi & Hardt increased their price objective on Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. UBS Group decreased their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Barclays decreased their price objective on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, Citigroup decreased their price objective on Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Get Our Latest Stock Analysis on META

Meta Platforms Price Performance

Shares of META stock traded up $12.44 during mid-day trading on Monday, reaching $478.22. The stock had a trading volume of 12,024,200 shares, compared to its average volume of 17,476,807. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.21 trillion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.24 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. The business has a 50-day simple moving average of $484.07 and a 200 day simple moving average of $426.77.

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

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 77,412 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $486.18, for a total value of $37,636,166.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 77,412 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $486.18, for a total value of $37,636,166.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 43,275 shares in the company, valued at $20,234,091.75. The disclosure for this sale can be found here. Insiders have sold a total of 809,054 shares of company stock valued at $401,166,117 over the last quarter. Insiders own 13.71% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

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.

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

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