Meta Platforms, Inc. (NASDAQ:META) Holdings Lifted by Claris Advisors LLC MO

Claris Advisors LLC MO boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 58.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,929 shares of the social networking company’s stock after acquiring an additional 710 shares during the quarter. Meta Platforms comprises about 0.4% of Claris Advisors LLC MO’s investment portfolio, making the stock its 25th biggest holding. Claris Advisors LLC MO’s holdings in Meta Platforms were worth $683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in shares of Meta Platforms by 4.0% during the third 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. International Assets Investment Management LLC increased its stake in Meta Platforms by 11,154.4% in the 4th quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock worth $1,752,900,000 after purchasing an additional 4,908,251 shares in the last quarter. Concentrum Wealth Management raised its holdings in Meta Platforms by 111.0% during the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock worth $2,616,000 after buying an additional 3,888,308 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Meta Platforms by 55.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock valued at $2,591,602,000 after buying an additional 3,093,715 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Meta Platforms by 1,457.5% in the fourth quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock worth $1,117,225,000 after buying an additional 2,953,704 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Up 2.3 %

Meta Platforms stock traded up $10.28 during mid-day trading on Friday, reaching $451.96. The stock had a trading volume of 16,489,057 shares, compared to its average volume of 20,698,000. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.15 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a one year low of $229.85 and a one year high of $531.49. The company has a 50-day moving average price of $490.72 and a two-hundred day moving average price of $408.34.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, analysts expect that Meta Platforms, Inc. will post 20.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on META. Jefferies Financial Group decreased their price objective on shares of Meta Platforms from $585.00 to $540.00 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 on the stock in a report on Thursday, April 25th. Susquehanna increased their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Robert W. Baird lowered their target price on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, KeyCorp reduced their price target on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. Two equities research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $509.80.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 552 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 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 at this hyperlink. In related news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the sale, the chief operating officer now owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 552 shares of the company’s stock in a transaction that occurred on 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 transaction, 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. Insiders have sold 1,257,876 shares of company stock worth $613,168,252 in the last 90 days. 13.71% of the stock is currently owned by insiders.

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.