Alphasimplex Group LLC Has $230,000 Stock Position in Meta Platforms, Inc. (NASDAQ:FB)

Alphasimplex Group LLC lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:FBGet Rating) by 37.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 683 shares of the social networking company’s stock after selling 416 shares during the period. Alphasimplex Group LLC’s holdings in Meta Platforms were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Barr E S & Co. raised its holdings in shares of Meta Platforms by 1.2% during the 3rd quarter. Barr E S & Co. now owns 2,777 shares of the social networking company’s stock worth $942,000 after buying an additional 33 shares in the last quarter. Autus Asset Management LLC increased its holdings in Meta Platforms by 5.4% in the 4th quarter. Autus Asset Management LLC now owns 643 shares of the social networking company’s stock worth $217,000 after purchasing an additional 33 shares in the last quarter. Well Done LLC increased its holdings in Meta Platforms by 1.9% in the 4th quarter. Well Done LLC now owns 1,829 shares of the social networking company’s stock worth $615,000 after purchasing an additional 34 shares in the last quarter. Summit Wealth Group LLC increased its holdings in Meta Platforms by 4.2% in the 3rd quarter. Summit Wealth Group LLC now owns 894 shares of the social networking company’s stock worth $303,000 after purchasing an additional 36 shares in the last quarter. Finally, JGP Wealth Management LLC increased its holdings in Meta Platforms by 1.9% in the 4th quarter. JGP Wealth Management LLC now owns 1,903 shares of the social networking company’s stock worth $617,000 after purchasing an additional 36 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

A number of research firms have commented on FB. BMO Capital Markets reduced their price target on Meta Platforms from $290.00 to $225.00 in a research report on Friday, April 22nd. Moffett Nathanson reduced their price target on Meta Platforms from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, February 3rd. Loop Capital lowered Meta Platforms from a “buy” rating to a “hold” rating and reduced their price target for the company from $380.00 to $230.00 in a research report on Thursday, February 3rd. TheStreet lowered Meta Platforms from a “b-” rating to a “c” rating in a research report on Friday, March 4th. Finally, Monness Crespi & Hardt cut their target price on Meta Platforms from $460.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $316.80.

Shares of Meta Platforms stock traded up $7.38 during trading hours on Friday, reaching $198.62. The company had a trading volume of 24,524,937 shares, compared to its average volume of 38,863,792. Meta Platforms, Inc. has a one year low of $169.00 and a one year high of $384.33. The business has a fifty day simple moving average of $207.75 and a 200 day simple moving average of $268.60. The firm has a market cap of $537.53 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.19 and a beta of 1.37.

Meta Platforms (NASDAQ:FBGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The social networking company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. During the same period last year, the company earned $3.30 earnings per share. As a group, equities research analysts predict that Meta Platforms, Inc. will post 11.63 earnings per share for the current fiscal year.

In other Meta Platforms news, CFO David M. Wehner sold 1,095 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $217.70, for a total transaction of $238,381.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Susan J.S. Taylor sold 2,272 shares of the firm’s stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $214.00, for a total value of $486,208.00. The disclosure for this sale can be found here. Insiders have sold 8,768 shares of company stock valued at $1,858,518 in the last three months. 13.59% of the stock is owned by corporate insiders.

Meta Platforms Profile (Get Rating)

Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

See Also

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:FB)

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