W Advisors LLC Purchases 48 Shares of Meta Platforms, Inc. (NASDAQ:META)

W Advisors LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,135 shares of the social networking company’s stock after purchasing an additional 48 shares during the period. W Advisors LLC’s holdings in Meta Platforms were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. Vanguard Group Inc. boosted its stake in shares of Meta Platforms by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after buying an additional 1,733,182 shares during the last quarter. FMR LLC raised its holdings in shares of Meta Platforms by 4.0% in the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after purchasing an additional 5,001,647 shares during the period. Morgan Stanley lifted its stake in Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock valued at $10,890,950,000 after purchasing an additional 1,184,978 shares during the last quarter. Northern Trust Corp grew its holdings in Meta Platforms by 4.3% during the third quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock valued at $6,906,009,000 after purchasing an additional 946,871 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,143,462 shares of the social networking company’s stock worth $3,945,799,000 after buying an additional 111,735 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on META. Wedbush dropped their price objective on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Thursday, April 25th. BNP Paribas started coverage on shares of Meta Platforms in a research note on Thursday. They issued an “underperform” rating and a $360.00 target price on the stock. Canaccord Genuity Group raised their price target on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup decreased their price target on shares of Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $509.80.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 552 shares of Meta Platforms stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total value of $256,128.00. Following the completion of the sale, the insider now directly owns 34,168 shares in the company, valued at approximately $15,853,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Mark Zuckerberg sold 34,398 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 552 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total value of $256,128.00. Following the sale, the insider now owns 34,168 shares of the company’s stock, valued at $15,853,952. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,257,876 shares of company stock valued at $613,168,252. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Up 2.3 %

NASDAQ:META traded up $10.28 during trading hours on Friday, reaching $451.96. 16,489,057 shares of the company traded hands, compared to its average volume of 20,698,000. 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 business’s 50-day moving average price is $490.72 and its two-hundred day moving average price is $408.34. Meta Platforms, Inc. has a 1 year low of $229.85 and a 1 year high of $531.49. The stock has a market capitalization of $1.15 trillion, a P/E ratio of 25.96, a P/E/G ratio of 1.18 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Analysts predict that Meta Platforms, Inc. will post 20.1 earnings per share for the current year.

Meta Platforms Company 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.