Bell & Brown Wealth Advisors LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,285 shares of the social networking company’s stock, valued at approximately $6,472,000. Meta Platforms comprises 3.0% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 8th biggest position.
Get Meta Platforms alerts:
Several other large investors also recently bought and sold shares of the business. Donoghue Forlines LLC boosted its stake in Meta Platforms by 94.4% during the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock worth $2,955,000 after buying an additional 4,054 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Meta Platforms by 7.7% during 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 period. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in Meta Platforms by 400.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock worth $885,000 after acquiring an additional 2,000 shares during the last quarter. Bank of Stockton raised 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 valued at $1,819,000 after purchasing an additional 400 shares during the period. Finally, Signify Wealth acquired a new position in shares of Meta Platforms in the 4th quarter valued at $228,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Meta Platforms Stock Performance
Meta Platforms stock traded up $12.44 during trading hours on Monday, reaching $478.22. 12,024,200 shares of the stock were exchanged, compared to its average volume of 17,476,807. The stock has a market cap of $1.21 trillion, a P/E ratio of 27.47, a P/E/G ratio of 1.24 and a beta of 1.21. The firm’s 50 day moving average is $484.07 and its 200 day moving average is $426.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. Meta Platforms, Inc. has a 52-week low of $249.17 and a 52-week high of $531.49.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Analysts predict that Meta Platforms, Inc. will post 20.18 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently issued reports on META shares. BMO Capital Markets raised their price objective on Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Canaccord Genuity Group reduced their price target on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Wolfe Research lowered their price objective on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Wells Fargo & Company dropped their target price on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Finally, Robert W. Baird decreased their price target on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Two investment 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 company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $509.80.
Check Out Our Latest Analysis on Meta Platforms
Insider Activity
In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $471.85, for a total value of $4,223,529.35. Following the completion of the transaction, the chief financial officer now owns 74,580 shares in the company, valued at $35,190,573. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total value of $4,223,529.35. Following the completion of the transaction, the chief financial officer now directly owns 74,580 shares of the company’s stock, valued at $35,190,573. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 77,412 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $486.18, for a total value of $37,636,166.16. The disclosure for this sale can be found here. Insiders sold 809,054 shares of company stock valued at $401,166,117 in the last three months. 13.71% of the stock is currently owned by company 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.
Recommended Stories
- Five stocks we like better than Meta Platforms
- 3 Warren Buffett Stocks to Buy Now
- Norwegian Cruise Line Sets Sail on Record Bookings Raised EPS
- How to Invest in the FAANG Stocks
- The Best EV Stock You Haven’t Considered
- What is a buyback in stocks? A comprehensive guide for investors
- MarketBeat Week in Review – 5/20 – 5/24
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1,000 in Meta Platforms right now?
Before you consider Meta Platforms, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Meta Platforms wasn’t on the list.
While Meta Platforms currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio.