Journey Strategic Wealth LLC Sells 715 Shares of Meta Platforms, Inc. (NASDAQ:META)

Journey Strategic Wealth LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,277 shares of the social networking company’s stock after selling 715 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Meta Platforms were worth $2,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of META. Stone House Investment Management LLC increased its position in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares during the period. Beaird Harris Wealth Management LLC boosted its stake 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 worth $31,000 after buying an additional 42 shares in the last quarter. Quest Partners LLC acquired a new stake in Meta Platforms during the fourth quarter worth $32,000. Cranbrook Wealth Management LLC boosted its stake in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in Meta Platforms during the fourth quarter worth $39,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $466.08, for a total value of $45,253,105.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $469.88, for a total value of $274,879.80. Following the completion of the sale, the insider now owns 42,493 shares of the company’s stock, valued at approximately $19,966,610.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $466.08, for a total value of $45,253,105.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,015,222 shares of company stock valued at $499,279,869. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Down 0.7 %

NASDAQ:META traded down $3.07 during trading hours on Monday, reaching $468.84. 11,735,083 shares of the stock were exchanged, compared to its average volume of 17,726,748. Meta Platforms, Inc. has a twelve month low of $244.95 and a twelve 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. The firm has a 50 day moving average of $485.96 and a 200 day moving average of $422.49. The stock has a market cap of $1.19 trillion, a PE ratio of 26.93, a PEG ratio of 1.22 and a beta of 1.21.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly 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. 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 during the quarter, compared to the consensus estimate of $36.28 billion. On average, equities analysts expect that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

META has been the topic of a number of recent research reports. Wedbush decreased their price target on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. BNP Paribas began coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They set an “underperform” rating and a $360.00 price target on the stock. Monness Crespi & Hardt boosted their target price on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research note on Thursday, April 25th. Finally, BMO Capital Markets boosted their target price on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Check Out Our Latest Analysis on Meta Platforms

About Meta Platforms

(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.

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

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