Charles Carroll Financial Partners LLC Purchases 1,050 Shares of Meta Platforms, Inc. (NASDAQ:META)

Charles Carroll Financial Partners LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,325 shares of the social networking company’s stock after purchasing an additional 1,050 shares during the quarter. Meta Platforms accounts for about 3.2% of Charles Carroll Financial Partners LLC’s investment portfolio, making the stock its 11th biggest holding. Charles Carroll Financial Partners LLC’s holdings in Meta Platforms were worth $2,947,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after purchasing an additional 32,423 shares during the last quarter. Bank of Stockton boosted its position in Meta Platforms by 9.2% in the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after purchasing an additional 400 shares during the last quarter. Signify Wealth purchased a new stake in shares of Meta Platforms during the 4th quarter valued at about $228,000. Illinois Municipal Retirement Fund lifted its stake in shares of Meta Platforms by 1.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock worth $79,212,000 after purchasing an additional 4,025 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of Meta Platforms by 1.5% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock worth $3,880,000 after buying an additional 164 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the subject of several analyst reports. Canaccord Genuity Group upped their price objective on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Oppenheimer decreased their target price on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Citigroup dropped their price target on shares of Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Sanford C. Bernstein decreased their price objective on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Morgan Stanley upped their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Meta Platforms Stock Up 2.3 %

Shares of META traded up $10.28 during mid-day trading on Friday, reaching $451.96. The company’s stock had a trading volume of 16,489,057 shares, compared to its average volume of 20,698,000. The company’s 50 day moving average is $490.72 and its 200 day moving average is $408.34. The stock has a market cap of $1.15 trillion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.21. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49. 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 (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Equities analysts anticipate that Meta Platforms, Inc. will post 20.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 34,398 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total value of $15,737,772.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 34,398 shares of Meta Platforms stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total transaction of $15,737,772.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,257,876 shares of company stock valued at $613,168,252. 13.71% of the stock is currently owned by insiders.

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.