Meta Platforms, Inc. (NASDAQ:META) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 51.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,612 shares of the social networking company’s stock after selling 1,730 shares during the quarter. 1900 Wealth Management LLC’s holdings in Meta Platforms were worth $783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in META. Vanguard Group Inc. grew its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company’s stock valued at $65,960,215,000 after buying an additional 3,104,550 shares during the period. FMR LLC lifted its holdings in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after acquiring an additional 5,001,647 shares during the last quarter. Capital World Investors grew its position in Meta Platforms by 2.5% in the fourth quarter. Capital World Investors now owns 38,054,513 shares of the social networking company’s stock worth $13,469,906,000 after acquiring an additional 927,491 shares during the period. Morgan Stanley increased its stake in Meta Platforms by 3.4% during the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after acquiring an additional 1,184,978 shares during the last quarter. Finally, Capital International Investors raised its position in Meta Platforms by 3.2% in the fourth quarter. Capital International Investors now owns 34,738,470 shares of the social networking company’s stock valued at $12,296,383,000 after purchasing an additional 1,083,719 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $480.00, for a total transaction of $280,800.00. Following the transaction, the insider now owns 41,908 shares of the company’s stock, valued at $20,115,840. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $517.75, for a total value of $253,697.50. Following the completion of the sale, the chief operating officer now owns 7,579 shares in the company, valued at approximately $3,924,027.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $480.00, for a total transaction of $280,800.00. Following the completion of the sale, the insider now directly owns 41,908 shares in the company, valued at approximately $20,115,840. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,014,637 shares of company stock worth $499,004,990. 13.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on META shares. Robert W. Baird lowered their price target on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Oppenheimer reduced their price target 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. Monness Crespi & Hardt upped their price objective on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Mizuho upped their price target on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Get Our Latest Stock Report on Meta Platforms

Meta Platforms Stock Performance

META traded down $4.21 during trading on Tuesday, hitting $464.63. 11,732,473 shares of the stock were exchanged, compared to its average volume of 17,666,227. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1-year low of $244.95 and a 1-year high of $531.49. The stock has a fifty day moving average price of $485.26 and a two-hundred day moving average price of $423.55. The firm has a market capitalization of $1.18 trillion, a P/E ratio of 26.69, a PEG ratio of 1.22 and a beta of 1.21.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.18 earnings per share for the current 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.

Featured Articles

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.