Meta Platforms, Inc. (NASDAQ:META) Shares Sold by FinDec Wealth Services Inc.

FinDec Wealth Services Inc. lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 66.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,423 shares of the social networking company’s stock after selling 2,793 shares during the period. FinDec Wealth Services Inc.’s holdings in Meta Platforms were worth $504,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC increased its position in Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. PayPay Securities Corp lifted its stake in Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at $39,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of a number of analyst reports. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Thursday, April 25th. Sanford C. Bernstein reduced their price objective on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Robert W. Baird decreased their price target on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, BMO Capital Markets lifted their price objective on Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $509.80.

Read Our Latest Analysis on Meta Platforms

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 576 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $466.33, for a total value of $268,606.08. Following the completion of the sale, the insider now owns 36,067 shares of the company’s stock, valued at approximately $16,819,124.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mark Zuckerberg sold 34,398 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $473.32, for a total value of $16,281,261.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 576 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $466.33, for a total transaction of $268,606.08. Following the completion of the transaction, the insider now owns 36,067 shares of the company’s stock, valued at $16,819,124.11. The disclosure for this sale can be found here. Insiders have sold a total of 1,126,899 shares of company stock valued at $552,059,793 in the last three months. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Stock Up 0.2 %

NASDAQ META traded up $0.78 during trading hours on Friday, reaching $476.20. 10,735,153 shares of the company’s stock were exchanged, compared to its average volume of 20,650,992. The company has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. Meta Platforms, Inc. has a one year low of $231.45 and a one year high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The company’s 50-day moving average is $489.50 and its two-hundred day moving average is $412.64.

Meta Platforms (NASDAQ:METAGet Free Report) last released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. On average, analysts forecast that Meta Platforms, Inc. will post 20.1 EPS for the current fiscal year.

Meta Platforms Company Profile

(Free Report)

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.

See Also

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

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