LVM Capital Management Ltd. MI increased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Get Rating) by 18.8% during the first quarter, Holdings Channel.com reports. The fund owned 908 shares of the social networking company’s stock after acquiring an additional 144 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Meta Platforms were worth $202,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Autus Asset Management LLC increased its holdings in Meta Platforms by 5.4% in the fourth quarter. Autus Asset Management LLC now owns 643 shares of the social networking company’s stock valued at $217,000 after purchasing an additional 33 shares during the last quarter. Well Done LLC increased its holdings in Meta Platforms by 1.9% in the fourth quarter. Well Done LLC now owns 1,829 shares of the social networking company’s stock valued at $615,000 after purchasing an additional 34 shares during the last quarter. JGP Wealth Management LLC increased its holdings in Meta Platforms by 1.9% in the fourth quarter. JGP Wealth Management LLC now owns 1,903 shares of the social networking company’s stock valued at $617,000 after purchasing an additional 36 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in Meta Platforms by 0.8% in the third quarter. Segall Bryant & Hamill LLC now owns 4,993 shares of the social networking company’s stock valued at $1,694,000 after purchasing an additional 40 shares during the last quarter. Finally, TruWealth Advisors LLC increased its holdings in Meta Platforms by 2.8% in the fourth quarter. TruWealth Advisors LLC now owns 1,465 shares of the social networking company’s stock valued at $493,000 after purchasing an additional 40 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
In other Meta Platforms news, CAO Susan J.S. Taylor sold 1,420 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $202.16, for a total transaction of $287,067.20. Following the transaction, the chief accounting officer now owns 1,605 shares in the company, valued at approximately $324,466.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David M. Wehner sold 1,222 shares of the firm’s stock in a transaction on Sunday, May 15th. The stock was sold at an average price of $198.62, for a total value of $242,713.64. Following the transaction, the chief financial officer now owns 12,247 shares in the company, valued at approximately $2,432,499.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,698 shares of company stock valued at $9,181,081. 13.59% of the stock is currently owned by insiders.
Meta Platforms (NASDAQ:META – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The social networking company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.18. The business had revenue of $27.91 billion during the quarter, compared to analysts’ expectations of $28.21 billion. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. During the same period last year, the firm posted $3.30 EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 11.63 earnings per share for the current fiscal year.
META has been the subject of several recent analyst reports. Moffett Nathanson lowered their price target on Meta Platforms to $280.00 in a report on Thursday, May 26th. BMO Capital Markets lowered their price target on Meta Platforms from $290.00 to $225.00 in a report on Friday, April 22nd. Canaccord Genuity Group lowered their price target on Meta Platforms from $360.00 to $330.00 in a report on Thursday, April 28th. StockNews.com initiated coverage on Meta Platforms in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Wedbush lowered their price target on Meta Platforms from $270.00 to $220.00 in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.87.
Meta Platforms Company Profile (Get Rating)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
- Get a free copy of the StockNews.com research report on Meta Platforms (META)
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