Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 140.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,424 shares of the social networking company’s stock after acquiring an additional 1,414 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Meta Platforms were worth $946,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Stone House Investment Management LLC increased its position in shares of Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Beaird Harris Wealth Management LLC increased its position in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the period. PayPay Securities Corp increased its position in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in shares of Meta Platforms during the 4th quarter valued at $39,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 552 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total transaction of $256,128.00. Following the completion of the transaction, the insider now owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jennifer Newstead sold 552 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total transaction of $256,128.00. Following the completion of the transaction, the insider now owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,257,291 shares of company stock valued at $612,916,087. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 0.8 %

NASDAQ META traded up $3.49 during trading on Thursday, hitting $442.68. 10,640,337 shares of the company traded hands, compared to its average volume of 18,356,436. Meta Platforms, Inc. has a 12 month low of $229.85 and a 12 month high of $531.49. The business has a fifty day simple moving average of $492.83 and a 200 day simple moving average of $406.97. 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 company has a market capitalization of $1.13 trillion, a P/E ratio of 25.09, a PEG ratio of 1.12 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last posted its 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. 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 for the quarter, compared to analyst estimates of $36.28 billion. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.1 EPS for the current year.

Wall Street Analysts Forecast Growth

META has been the topic of several research analyst reports. Raymond James lowered their price target on Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 25th. Evercore ISI raised their price objective on Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm raised their price objective on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Bank of America raised their price objective on Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Wolfe Research reduced their price objective on Meta Platforms from $530.00 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 given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

About Meta Platforms

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.