Barlow Wealth Partners Inc. Buys Shares of 988 Meta Platforms, Inc. (NASDAQ:META)

Barlow Wealth Partners Inc. purchased a new position in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 988 shares of the social networking company’s stock, valued at approximately $350,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC raised its position in shares of Meta Platforms by 3.9% in the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after acquiring an additional 25 shares in the last quarter. WoodTrust Financial Corp lifted its position in Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after acquiring an additional 27 shares during the last quarter. Tennessee Valley Asset Management Partners boosted its stake in Meta Platforms by 0.6% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after acquiring an additional 27 shares in the last quarter. Peterson Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 1.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after purchasing an additional 28 shares during the last quarter. Finally, Edge Wealth Management LLC raised its stake in shares of Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after buying an additional 28 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Up 0.5 %

Shares of META traded up $2.56 during midday trading on Tuesday, hitting $468.24. The company had a trading volume of 13,382,768 shares, compared to its average volume of 18,298,424. Meta Platforms, Inc. has a 1 year low of $230.27 and a 1 year high of $531.49. The firm has a market capitalization of $1.19 trillion, a P/E ratio of 26.87, a P/E/G ratio of 1.18 and a beta of 1.21. 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 50-day simple moving average is $490.40 and its 200-day simple moving average is $410.65.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping 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 company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 20.1 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on META shares. Royal Bank of Canada dropped their price objective on shares of Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. The Goldman Sachs Group decreased their price objective on shares of Meta Platforms from $555.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Robert W. Baird dropped their target price on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Oppenheimer cut their price target on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the sale, the chief technology officer now directly owns 18,432 shares in the company, valued at approximately $8,723,496.96. The disclosure for this sale can be found here. In the last three months, insiders sold 1,223,416 shares of company stock valued at $597,392,856. Insiders own 13.71% of the company’s stock.

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.