On April 6, 2023, UBS maintained coverage of Meta Platforms (NASDAQ:META) with a Buy recommendation. The average one-year price target for Meta Platforms is $228.71, with a forecasted increase of 8.15% from the latest closing price of $211.48. The projected annual revenue for Meta Platforms is $124,043MM, representing a 6.38% increase.

In terms of shareholders, USBSX – Cornerstone Moderate Fund holds 12K shares of Meta Platforms, representing 0.00% ownership. Keystone Financial Services holds 5K shares, a 2.19% increase from its prior filing. Fidelity Central Investment Portfolios LLC holds 1,248K shares, a 4.75% decrease from its previous ownership.

A total of 4464 funds or institutions reported positions in Meta Platforms, indicating a decrease of 150 owners or 3.25% in the last quarter. The average portfolio weight of all funds dedicated to META is 0.91%, a decrease of 4.39%. The put/call ratio of META is 0.65, suggesting a bullish outlook.

Meta Platforms, formerly known as Facebook, aims to connect people and build communities worldwide. The company offers various products like Facebook, Instagram, Messenger, WhatsApp, and Oculus Quest to enable communication and interaction. Founded in 2004 by Mark Zuckerberg, the company generates revenue primarily from advertising placements to marketers.

For more information on Meta Platforms, check out their regulatory filings. This news was originally reported on Fintel.

Read more at Nasdaq: UBS Maintains Meta Platforms (META) Buy Recommendation