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Accredited Investors Inc. Has $3.91 Million Holdings in Meta Platforms, Inc. $META

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Key Points

  • Accredited Investors Inc. increased its Meta Platforms stake by 50.7% in the fourth quarter, buying 1,991 additional shares and bringing its total holding to 5,916 shares worth about $3.91 million.
  • Meta continues to attract heavy institutional ownership, with major firms like Vanguard and State Street also adding shares; overall, institutional investors now own 79.91% of the company.
  • Analysts remain generally positive on META, with an average Moderate Buy rating and an average target price of $840.19, supported by strong recent earnings and ongoing AI-related growth expectations.
  • Five stocks we like better than Meta Platforms.

Accredited Investors Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,916 shares of the social networking company's stock after buying an additional 1,991 shares during the quarter. Accredited Investors Inc.'s holdings in Meta Platforms were worth $3,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Vanguard Group Inc. lifted its position in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. State Street Corp boosted its stake in Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the period. Capital World Investors raised its stake in shares of Meta Platforms by 0.7% in the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after purchasing an additional 278,180 shares during the period. Invesco Ltd. raised its stake in shares of Meta Platforms by 0.8% in the 3rd quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company's stock valued at $12,597,374,000 after purchasing an additional 142,229 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Meta Platforms by 4.1% in the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company's stock valued at $10,525,258,000 after purchasing an additional 558,792 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Canaccord Genuity Group upped their price target on Meta Platforms from $900.00 to $930.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. BMO Capital Markets raised their price target on shares of Meta Platforms from $710.00 to $730.00 and gave the stock a "market perform" rating in a research note on Thursday, January 29th. Argus reiterated a "buy" rating and issued a $800.00 price objective on shares of Meta Platforms in a report on Monday, February 2nd. Finally, Piper Sandler reissued an "overweight" rating and issued a $800.00 price objective (down from $880.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $840.19.

Get Our Latest Research Report on META

Key Stories Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Stock Performance

Shares of META opened at $610.26 on Tuesday. The company has a market cap of $1.54 trillion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The firm has a 50-day moving average of $617.12 and a 200-day moving average of $636.87. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. During the same period in the prior year, the firm earned $6.43 EPS. Meta Platforms's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, equities analysts forecast that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 7,847 shares of the company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 95,471 shares of company stock valued at $60,616,955. 13.53% of the stock is owned by insiders.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Featured Stories

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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