Goelzer Investment Management Inc. Has $3.14 Million Stock Position in Meta Platforms, Inc. (NASDAQ:FB)

Goelzer Investment Management Inc. trimmed its stake in Meta Platforms, Inc. (NASDAQ:FBGet Rating) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,342 shares of the social networking company’s stock after selling 390 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Meta Platforms were worth $3,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HS Management Partners LLC boosted its stake in Meta Platforms by 463.7% in the fourth quarter. HS Management Partners LLC now owns 2,826,830 shares of the social networking company’s stock valued at $182,104,000 after acquiring an additional 2,325,382 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Meta Platforms by 52.7% in the fourth quarter. TD Asset Management Inc. now owns 6,124,750 shares of the social networking company’s stock worth $2,060,059,000 after purchasing an additional 2,114,636 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Meta Platforms by 97.6% during the 4th quarter. ProShare Advisors LLC now owns 4,186,800 shares of the social networking company’s stock valued at $1,408,232,000 after buying an additional 2,067,705 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Meta Platforms by 26.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,584,517 shares of the social networking company’s stock valued at $3,223,752,000 after buying an additional 1,993,840 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth approximately $632,708,000. Institutional investors own 65.49% of the company’s stock.

Shares of FB traded up $0.65 during mid-day trading on Thursday, reaching $192.89. The stock had a trading volume of 501,960 shares, compared to its average volume of 41,612,012. The business has a fifty day moving average of $207.96 and a 200 day moving average of $265.78. The firm has a market cap of $522.02 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.27 and a beta of 1.37. Meta Platforms, Inc. has a 12 month low of $169.00 and a 12 month high of $384.33.

Meta Platforms (NASDAQ:FBGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The social networking company reported $2.72 earnings per share (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 firm posted $3.30 earnings per share. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 11.63 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on FB shares. Jefferies Financial Group reduced their price target on Meta Platforms from $420.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, February 3rd. Mizuho dropped their price target on Meta Platforms from $425.00 to $325.00 and set a “buy” rating on the stock in a research report on Monday, April 25th. OTR Global raised Meta Platforms to a “positive” rating in a research note on Wednesday, January 19th. Guggenheim decreased their target price on shares of Meta Platforms from $275.00 to $250.00 and set a “na” rating for the company in a research note on Wednesday. Finally, Truist Financial lowered their price objective on Meta Platforms from $350.00 to $320.00 in a research note on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $315.28.

In other Meta Platforms news, CAO Susan J.S. Taylor sold 1,420 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $202.16, for a total transaction of $287,067.20. Following the completion of the transaction, the chief accounting officer now owns 1,605 shares in the company, valued at approximately $324,466.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Newstead sold 311 shares of Meta Platforms stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $199.60, for a total value of $62,075.60. Following the completion of the sale, the insider now directly owns 12,187 shares in the company, valued at approximately $2,432,525.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,088 shares of company stock valued at $9,284,269. Insiders own 13.59% of the company’s stock.

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.

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

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