Wilson & Boucher Capital Management LLC Makes New $230,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

Wilson & Boucher Capital Management LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 650 shares of the social networking company’s stock, valued at approximately $230,000.

A number of other large investors have also recently bought and sold shares of the company. Fortis Capital Advisors LLC boosted its holdings in shares of Meta Platforms by 144.6% in the 4th quarter. Fortis Capital Advisors LLC now owns 9,394 shares of the social networking company’s stock valued at $3,325,000 after buying an additional 5,554 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Meta Platforms by 16.8% in the 4th quarter. Intech Investment Management LLC now owns 484,858 shares of the social networking company’s stock valued at $171,620,000 after buying an additional 69,802 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Meta Platforms by 3.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 14,980 shares of the social networking company’s stock valued at $5,302,000 after buying an additional 456 shares during the last quarter. Primecap Management Co. CA boosted its holdings in shares of Meta Platforms by 1.3% in the 4th quarter. Primecap Management Co. CA now owns 677,725 shares of the social networking company’s stock valued at $239,888,000 after buying an additional 8,800 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its stake in Meta Platforms by 12.5% in the 4th quarter. Johnson Financial Group Inc. now owns 10,657 shares of the social networking company’s stock valued at $3,772,000 after acquiring an additional 1,181 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on META shares. Wedbush dropped their price target on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Guggenheim reduced their target price on Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. JMP Securities reissued a “market outperform” rating and set a $550.00 target price on shares of Meta Platforms in a report on Monday, April 22nd. Monness Crespi & Hardt increased their target price on Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Barclays reduced their price objective on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Meta Platforms Stock Performance

META stock traded up $12.44 during midday trading on Friday, hitting $478.22. The company’s stock had a trading volume of 12,024,254 shares, compared to its average volume of 14,801,451. The stock’s 50-day moving average price is $484.07 and its 200 day moving average price is $426.02. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1 year low of $249.17 and a 1 year high of $531.49. The stock has a market cap of $1.21 trillion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.21 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. On average, equities analysts forecast that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $480.00, for a total value of $280,800.00. Following the sale, the insider now directly owns 41,908 shares in the company, valued at $20,115,840. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $480.00, for a total value of $280,800.00. Following the sale, the insider now directly owns 41,908 shares in the company, valued at $20,115,840. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 77,412 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $483.34, for a total value of $37,416,316.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 886,466 shares of company stock valued at $438,582,433. Insiders own 13.71% of the company’s stock.

Meta Platforms Company 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.