Team Hewins LLC Buys 172 Shares of Meta Platforms, Inc. (NASDAQ:META)

Team Hewins LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,827 shares of the social networking company’s stock after purchasing an additional 172 shares during the quarter. Meta Platforms comprises approximately 1.4% of Team Hewins LLC’s holdings, making the stock its 11th biggest position. Team Hewins LLC’s holdings in Meta Platforms were worth $9,496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Addison Advisors LLC grew its position in 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 purchasing an additional 25 shares during the period. Smithfield Trust Co grew its position in shares of Meta Platforms by 0.5% during the 4th quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock valued at $1,730,000 after acquiring an additional 25 shares during the period. American National Bank grew its position in shares of Meta Platforms by 1.6% during the 4th quarter. American National Bank now owns 1,590 shares of the social networking company’s stock valued at $563,000 after acquiring an additional 25 shares during the period. WoodTrust Financial Corp grew its position in shares of Meta Platforms by 1.8% during the 4th 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 period. Finally, Tennessee Valley Asset Management Partners grew its position in shares of Meta Platforms by 0.6% during the 4th 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 during the period. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on META. Oppenheimer cut their price objective on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Stifel Nicolaus boosted their price objective on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Mizuho boosted their price objective on shares of Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wolfe Research cut 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. Finally, Rosenblatt Securities increased their price target on Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Two equities research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Insiders Place Their Bets

In other news, insider Nicholas Clegg sold 1,135 shares of Meta Platforms stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total transaction of $535,549.75. Following the completion of the sale, the insider now directly owns 8,753 shares in the company, valued at $4,130,103.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, February 23rd. The shares were 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 in the company, valued at $39,015,070.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Clegg sold 1,135 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total transaction of $535,549.75. Following the transaction, the insider now owns 8,753 shares of the company’s stock, valued at $4,130,103.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 917,544 shares of company stock valued at $453,751,884. 13.71% of the stock is currently owned by insiders.

Meta Platforms Stock Down 0.4 %

NASDAQ META traded down $2.00 on Thursday, hitting $465.78. The stock had a trading volume of 11,731,512 shares, compared to its average volume of 17,531,096. The business’s fifty day moving average price is $484.71 and its 200 day moving average price is $423.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a 52-week low of $244.95 and a 52-week high of $531.49. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released 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 business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Equities research analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

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.