Oxler Private Wealth LLC Reduces Stake in Meta Platforms, Inc. (NASDAQ:META)

Oxler Private Wealth LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,743 shares of the social networking company’s stock after selling 10,247 shares during the quarter. Meta Platforms comprises about 5.5% of Oxler Private Wealth LLC’s investment portfolio, making the stock its 5th biggest holding. Oxler Private Wealth LLC’s holdings in Meta Platforms were worth $6,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC increased its stake in Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Quest Partners LLC purchased a new position in Meta Platforms in the 4th quarter worth about $32,000. Cranbrook Wealth Management LLC increased its stake in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after purchasing an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $39,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on META. Tigress Financial lifted their target price on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research note on Friday, February 9th. BNP Paribas initiated coverage on Meta Platforms in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target for the company. Guggenheim lowered their price target on Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. TD Cowen lowered their price target on Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Robert W. Baird lowered their price target on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Two 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Insider Activity at Meta Platforms

In related news, insider Nicholas Clegg sold 1,135 shares of Meta Platforms stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $471.85, for a total value of $535,549.75. Following the completion of the transaction, the insider now directly owns 8,753 shares of the company’s stock, valued at $4,130,103.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Meta Platforms news, insider Nicholas Clegg sold 1,135 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $471.85, for a total transaction of $535,549.75. Following the completion of the sale, the insider now directly owns 8,753 shares of the company’s stock, valued at approximately $4,130,103.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $471.85, for a total value of $4,223,529.35. Following the sale, the chief financial officer now directly owns 74,580 shares of the company’s stock, valued at $35,190,573. The disclosure for this sale can be found here. Insiders sold 917,544 shares of company stock valued at $453,751,884 over the last ninety days. 13.71% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of NASDAQ META traded up $3.15 during midday trading on Wednesday, reaching $467.78. 9,810,188 shares of the company traded hands, compared to its average volume of 17,586,742. The firm has a market cap of $1.19 trillion, a PE ratio of 26.84, a PEG ratio of 1.22 and a beta of 1.21. The stock’s 50-day simple moving average is $485.26 and its 200-day simple moving average is $423.55. Meta Platforms, Inc. has a 12 month low of $244.95 and a 12 month high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms 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.