Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Adviser Investments LLC
Adviser Investments LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1,129.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,549 shares of the social networking company’s stock after purchasing an additional 28,982 shares during the quarter. Adviser Investments LLC’s holdings in Meta Platforms were worth $9,471,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of META. MBM Wealth Consultants LLC acquired a new position in Meta Platforms during the 4th quarter worth $26,000. HBC Financial Services PLLC grew its stake in Meta Platforms by 2,500.0% during the 1st quarter. HBC Financial Services PLLC now owns 130 shares of the social networking company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Meta Platforms during the 2nd quarter worth $30,000. Stephens Investment Management Group LLC acquired a new position in Meta Platforms during the 2nd quarter worth $30,000. Finally, Red Tortoise LLC grew its stake in Meta Platforms by 32.2% during the 1st quarter. Red Tortoise LLC now owns 189 shares of the social networking company’s stock worth $40,000 after purchasing an additional 46 shares in the last quarter. 62.87% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $385.00 price objective on shares of Meta Platforms in a research report on Thursday, September 28th. Truist Financial upped their price objective on Meta Platforms from $390.00 to $405.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. KeyCorp upped their price objective on Meta Platforms from $356.00 to $380.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, October 4th. Finally, CICC Research assumed coverage on Meta Platforms in a research report on Monday, August 28th. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $349.53.
Check Out Our Latest Analysis on META
Insider Buying and Selling
In related news, CFO Susan J. Li sold 10,642 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $336.31, for a total value of $3,579,011.02. Following the sale, the chief financial officer now owns 89,509 shares in the company, valued at approximately $30,102,771.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Mark Zuckerberg sold 28,009 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $310.60, for a total transaction of $8,699,595.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 10,642 shares of Meta Platforms stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $336.31, for a total value of $3,579,011.02. Following the sale, the chief financial officer now owns 89,509 shares of the company’s stock, valued at approximately $30,102,771.79. The disclosure for this sale can be found here. Insiders have sold a total of 517,624 shares of company stock worth $170,064,214 in the last quarter. Company insiders own 14.03% of the company’s stock.
Meta Platforms Stock Performance
Shares of META stock opened at $350.36 on Wednesday. The company has a market cap of $900.38 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20. The stock has a 50 day simple moving average of $324.05 and a 200-day simple moving average of $306.30. Meta Platforms, Inc. has a 12-month low of $112.46 and a 12-month high of $353.60. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.13.
Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings results on Wednesday, October 25th. The social networking company reported $4.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.77. The business had revenue of $34.15 billion for the quarter, compared to analysts’ expectations of $33.58 billion. Meta Platforms had a return on equity of 26.40% and a net margin of 23.42%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 14.32 EPS for the current year.
Meta Platforms 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.
See Also
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
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Original: MarketBeat News Feed: Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Adviser Investments LLC