West Family Investments Inc. Purchases 104 Shares of Meta Platforms, Inc. (NASDAQ:META)

West Family Investments Inc. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,762 shares of the social networking company’s stock after acquiring an additional 104 shares during the quarter. West Family Investments Inc.’s holdings in Meta Platforms were worth $1,686,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its position in shares of Meta Platforms by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after buying an additional 32,423 shares during the last quarter. Bank of Stockton lifted its position in shares of Meta Platforms by 9.2% during the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after buying an additional 400 shares during the last quarter. Signify Wealth acquired a new position in Meta Platforms in the 4th quarter worth about $228,000. Illinois Municipal Retirement Fund increased its stake in shares of Meta Platforms by 1.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after buying an additional 4,025 shares during the period. Finally, Investment Research & Advisory Group Inc. increased its stake in shares of Meta Platforms by 1.5% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after buying an additional 164 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on META shares. Truist Financial decreased their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Guggenheim cut their price target on Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Sanford C. Bernstein cut their price target on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Susquehanna raised their target price on Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, Piper Sandler restated an “overweight” rating and issued a $545.00 target price (down previously from $600.00) on shares of Meta Platforms in a report on Thursday, April 25th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

Check Out Our Latest Analysis on META

Meta Platforms Stock Up 0.1 %

Shares of META stock traded up $0.54 during trading hours on Thursday, reaching $439.73. 8,516,951 shares of the company’s stock were exchanged, compared to its average volume of 18,330,154. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a fifty-two week low of $229.85 and a fifty-two week high of $531.49. The stock’s 50 day moving average is $492.83 and its 200-day moving average is $406.97.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly 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 net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Analysts predict that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $441.54, for a total transaction of $216,354.60. Following the completion of the transaction, the chief operating officer now owns 6,599 shares in the company, valued at approximately $2,913,722.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the transaction, the chief technology officer now owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $441.54, for a total transaction of $216,354.60. Following the completion of the sale, the chief operating officer now owns 6,599 shares in the company, valued at $2,913,722.46. The disclosure for this sale can be found here. Insiders have sold a total of 1,257,291 shares of company stock valued at $612,916,087 in the last ninety days. 13.71% of the stock is currently owned by corporate insiders.

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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