Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Outfitter Financial LLC

Outfitter Financial LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,980 shares of the social networking company’s stock after acquiring an additional 70 shares during the period. Meta Platforms makes up 2.5% of Outfitter Financial LLC’s portfolio, making the stock its 10th largest holding. Outfitter Financial LLC’s holdings in Meta Platforms were worth $2,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of META. Vanguard Group Inc. boosted its stake in Meta Platforms by 1.0% during the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after buying an additional 1,733,182 shares in the last quarter. FMR LLC increased its stake in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after acquiring an additional 5,001,647 shares during the period. Morgan Stanley raised its position in Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after purchasing an additional 1,184,978 shares in the last quarter. Northern Trust Corp lifted its stake in Meta Platforms by 4.3% during the third quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock worth $6,906,009,000 after purchasing an additional 946,871 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Meta Platforms by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,324,745 shares of the social networking company’s stock valued at $4,716,427,000 after purchasing an additional 181,283 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Down 0.5 %

Shares of NASDAQ META traded down $2.53 during mid-day trading on Friday, reaching $472.89. 4,854,506 shares of the company’s stock were exchanged, compared to its average volume of 17,974,816. 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 business has a fifty day simple moving average of $489.50 and a 200 day simple moving average of $412.64. Meta Platforms, Inc. has a twelve month low of $231.45 and a twelve month high of $531.49. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.18 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, equities analysts expect that Meta Platforms, Inc. will post 20.1 EPS for the current fiscal year.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $466.08, for a total transaction of $45,253,105.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 97,093 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $466.08, for a total transaction of $45,253,105.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25. Following the transaction, the insider now directly owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,126,899 shares of company stock valued at $552,059,793. 13.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on META. Sanford C. Bernstein cut their target price on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Roth Mkm boosted their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Raymond James cut their price target on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a report on Thursday, April 25th. Truist Financial decreased their price objective on shares of Meta Platforms from $550.00 to $535.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, UBS Group cut their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Two research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $509.80.

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.