Natixis Advisors L.P. Has $571.72 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Natixis Advisors L.P. raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,615,209 shares of the social networking company’s stock after purchasing an additional 126,438 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Natixis Advisors L.P.’s investment portfolio, making the stock its 6th largest holding. Natixis Advisors L.P.’s holdings in Meta Platforms were worth $571,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Meta Platforms by 4.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 496,374 shares of the social networking company’s stock worth $175,697,000 after acquiring an additional 19,303 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Meta Platforms by 1.7% in the 4th quarter. First Horizon Advisors Inc. now owns 11,058 shares of the social networking company’s stock valued at $3,914,000 after buying an additional 183 shares during the last quarter. West Family Investments Inc. boosted its position in Meta Platforms by 2.2% during the 4th quarter. West Family Investments Inc. now owns 4,762 shares of the social networking company’s stock worth $1,686,000 after buying an additional 104 shares during the period. Mechanics Financial Corp bought a new stake in Meta Platforms during the 4th quarter worth approximately $476,000. Finally, Fisher Asset Management LLC increased its position in Meta Platforms by 8.2% in the 4th quarter. Fisher Asset Management LLC now owns 5,456,958 shares of the social networking company’s stock valued at $1,931,545,000 after acquiring an additional 414,520 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total value of $305,370.00. Following the transaction, the insider now owns 38,398 shares in the company, valued at approximately $20,043,756. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the transaction, the chief operating officer now owns 79,944 shares in the company, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,257,291 shares of company stock valued at $612,916,087. Corporate insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on META. Loop Capital cut their price target on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group lowered their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Roth Mkm upped their price target on Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Susquehanna increased their price target on Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Finally, Wedbush lowered their price objective on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Meta Platforms Stock Up 0.6 %

META traded up $2.64 during midday trading on Thursday, reaching $441.83. 9,789,123 shares of the company were exchanged, compared to its average volume of 18,348,607. 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 fifty day moving average price is $492.83 and its 200 day moving average price is $406.97. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Meta Platforms, Inc. has a one year low of $229.85 and a one year high of $531.49.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. As a group, analysts expect that Meta Platforms, Inc. will post 20.1 EPS for the current year.

Meta Platforms Profile

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.