From MarketBeat:

Solidarity Wealth LLC purchased a new stake in Meta Platforms, Inc., buying 17,050 shares valued at $5,119,000. Other institutional investors and hedge funds, including Fairfield Bush & Co., Mirae Asset Global Investments Co. Ltd., Ergoteles LLC, First Western Trust Bank and Oxford Financial Group Ltd, also invested heavily in Meta Platforms. Hedge funds and institutional investors own 62.87% of the stock.

Meta Platforms stock opened at $353.96 on Friday, with a market capitalization of $909.63 billion. The company’s 52-week low is $117.74 and 52-week high is $361.90. It reported earnings of $4.39 per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.77. The company’s revenue was $34.15 billion during the quarter.

Insider Jennifer Newstead recently sold 566 shares of Meta Platforms, valued at $200,873.40. Insider Nicholas Clegg sold 2,145 shares of the stock, valued at $721,384.95. Insiders sold a total of 687,984 shares of company stock worth $230,205,156 over the last 90 days.

Several analysts have given Meta Platforms a “buy” rating, with an average price target of $354.37. Financial data from MarketBeat indicates the company has an average rating of “Moderate Buy” and a consensus price target of $354.37.

Meta Platforms, Inc. operates two segments, Family of Apps and Reality Labs, offering products to enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide.



Read more: Solidarity Wealth LLC Buys New Shares in Meta Platforms, Inc. (NASDAQ:META)