988 Shares in Meta Platforms, Inc. (NASDAQ:META) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 988 shares of the social networking company’s stock, valued at approximately $350,000.

Other hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after purchasing an additional 5,001,647 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Meta Platforms by 11,154.4% during the fourth 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 acquiring an additional 4,908,251 shares during the period. Concentrum Wealth Management grew its position in shares of Meta Platforms by 111.0% in the fourth quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock valued at $2,616,000 after purchasing an additional 3,888,308 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of 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 worth $2,591,602,000 after purchasing an additional 3,093,715 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Meta Platforms by 1,457.5% during 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 purchasing an additional 2,953,704 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

META has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Tigress Financial raised their target price on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th. Citigroup cut their price target on shares of Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Piper Sandler reissued an “overweight” rating and issued a $545.00 price objective (down from $600.00) on shares of Meta Platforms in a research note on Thursday, April 25th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Meta Platforms Stock Performance

Shares of META stock traded up $2.56 on Tuesday, hitting $468.24. 13,382,768 shares of the stock were exchanged, compared to its average volume of 18,298,424. The firm’s 50 day moving average is $490.40 and its two-hundred day moving average is $410.65. Meta Platforms, Inc. has a one year low of $230.27 and a one year high of $531.49. The firm has a market capitalization of $1.19 trillion, a PE ratio of 26.87, a P/E/G ratio of 1.18 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

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 firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Sell-side analysts expect that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Mark Zuckerberg sold 97,093 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $445.93, for a total transaction of $218,505.70. Following the transaction, the chief operating officer now owns 6,109 shares of the company’s stock, valued at $2,724,186.37. The disclosure for this sale can be found here. Insiders have sold 1,223,416 shares of company stock valued at $597,392,856 in the last 90 days. 13.71% of the stock is currently owned by company 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.