Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Crake Asset Management LLP

Crake Asset Management LLP increased its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 28.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,300 shares of the social networking company’s stock after purchasing an additional 20,300 shares during the period. Meta Platforms accounts for about 3.1% of Crake Asset Management LLP’s investment portfolio, making the stock its 11th biggest holding. Crake Asset Management LLP’s holdings in Meta Platforms were worth $32,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Donoghue Forlines LLC raised its holdings in shares of 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 purchasing an additional 4,054 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after acquiring an additional 32,423 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in Meta Platforms by 400.0% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock valued at $885,000 after acquiring an additional 2,000 shares during the period. Bank of Stockton grew its holdings in shares of Meta Platforms by 9.2% during 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 last quarter. Finally, Signify Wealth acquired a new stake in shares of Meta Platforms during the 4th quarter worth approximately $228,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 0.3 %

NASDAQ META traded down $1.32 during trading on Friday, reaching $471.91. 10,807,289 shares of the company’s stock were exchanged, compared to its average volume of 20,906,852. The firm has a market capitalization of $1.20 trillion, a PE ratio of 27.11, a P/E/G ratio of 1.22 and a beta of 1.21. Meta Platforms, Inc. has a fifty-two week low of $241.19 and a fifty-two week high of $531.49. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $486.26 and its 200-day simple moving average is $421.38.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Sell-side analysts predict that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the transaction, the chief operating officer now owns 79,944 shares in the company, valued at $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 Meta Platforms news, CTO Andrew Bosworth sold 5,058 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total transaction of $2,386,617.30. Following the transaction, the chief technology officer now directly owns 15,412 shares of the company’s stock, valued at $7,272,152.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,015,222 shares of company stock worth $499,279,869. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Wolfe Research lowered their price target 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. Canaccord Genuity Group cut their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Citigroup decreased their target price on shares of Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $509.80.

View Our Latest Stock Report on Meta Platforms

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.

See Also

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

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