Walled Lake Planning & Wealth Management LLC Sells 123 Shares of Meta Platforms, Inc. (NASDAQ:FB)

Walled Lake Planning & Wealth Management LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:FBGet Rating) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,755 shares of the social networking company’s stock after selling 123 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Meta Platforms were worth $590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barnett & Company Inc. lifted its holdings in Meta Platforms by 105.0% during the fourth quarter. Barnett & Company Inc. now owns 82 shares of the social networking company’s stock valued at $28,000 after purchasing an additional 42 shares during the last quarter. Evolution Advisers Inc. purchased a new stake in Meta Platforms during the fourth quarter valued at about $48,000. Horan Securities Inc. purchased a new stake in Meta Platforms during the fourth quarter valued at about $53,000. Maryland Capital Advisors Inc. purchased a new stake in Meta Platforms during the fourth quarter valued at about $58,000. Finally, Leverty Financial Group LLC purchased a new stake in Meta Platforms during the fourth quarter valued at about $60,000. Institutional investors own 65.49% of the company’s stock.

NASDAQ FB traded up $7.38 during trading hours on Friday, hitting $198.62. The company’s stock had a trading volume of 24,524,937 shares, compared to its average volume of 38,863,792. Meta Platforms, Inc. has a 12 month low of $169.00 and a 12 month high of $384.33. The company’s 50 day simple moving average is $207.75 and its two-hundred day simple moving average is $268.60. The company has a market cap of $537.53 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.19 and a beta of 1.37.

Meta Platforms (NASDAQ:FBGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The social networking company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. During the same period in the prior year, the business posted $3.30 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 11.63 EPS for the current year.

In other news, CAO Susan J.S. Taylor sold 2,272 shares of Meta Platforms stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $214.00, for a total transaction of $486,208.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 476 shares of Meta Platforms stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $212.44, for a total value of $101,121.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,768 shares of company stock valued at $1,858,518. Corporate insiders own 13.59% of the company’s stock.

Several research firms recently weighed in on FB. Wolfe Research decreased their price objective on shares of Meta Platforms from $410.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. DZ Bank cut shares of Meta Platforms from a “hold” rating to a “sell” rating and set a $225.00 price objective on the stock. in a research report on Friday, February 4th. Wedbush decreased their price objective on shares of Meta Platforms from $270.00 to $220.00 in a research report on Thursday, April 28th. Finally, Cowen decreased their price objective on shares of Meta Platforms from $415.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $316.80.

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.

Further Reading

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

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