U.S. Capital Wealth Advisors LLC Decreases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

U.S. Capital Wealth Advisors LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:META) by 11.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,677 shares of the social networking company’s stock after selling 2,887 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Meta Platforms were worth $8,027,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after buying an additional 5,001,647 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Meta Platforms by 11,154.4% in the 4th quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock worth $1,752,900,000 after purchasing an additional 4,908,251 shares in the last quarter. Concentrum Wealth Management lifted its stake in Meta Platforms by 111.0% in the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock worth $2,616,000 after purchasing an additional 3,888,308 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Meta Platforms by 55.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after purchasing an additional 3,093,715 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Meta Platforms by 1,457.5% in the fourth quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock valued at $1,117,225,000 after purchasing an additional 2,953,704 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Roth Mkm boosted their price objective on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Monness Crespi & Hardt upped their price objective on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Tigress Financial lifted their target price on shares of Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Guggenheim reduced their price target on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Two 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $509.80.

Insider Activity at Meta Platforms

In other news, CTO Andrew Bosworth sold 8,036 shares of Meta Platforms stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares in the company, valued at $8,723,496.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 transaction of $3,803,278.08. Following the transaction, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 552 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total transaction of $256,128.00. Following the completion of the sale, the insider now owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The disclosure for this sale can be found here. Insiders sold a total of 1,257,876 shares of company stock valued at $613,168,252 over the last ninety days. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 2.3 %

Shares of NASDAQ META traded up $10.28 during midday trading on Friday, hitting $451.96. 16,489,057 shares of the company’s stock were exchanged, compared to its average volume of 20,698,000. The firm’s fifty day simple moving average is $490.72 and its 200-day simple moving average is $408.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market cap of $1.15 trillion, a PE ratio of 25.96, a P/E/G ratio of 1.18 and a beta of 1.21. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share 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 for the quarter, compared to analysts’ expectations of $36.28 billion. Research analysts predict that Meta Platforms, Inc. will post 20.1 EPS for the current fiscal year.

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.