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ASR Vermogensbeheer N.V. Sells 1,216 Shares of Meta Platforms, Inc. $META

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Key Points

  • ASR Vermogensbeheer N.V. trimmed its Meta Platforms stake slightly in the fourth quarter, selling 1,216 shares and ending with 248,234 shares valued at about $163.9 million.
  • Insider selling continued at Meta, with CTO Andrew Bosworth and CFO Susan J. Li both selling shares; insiders sold a total of 160,352 shares worth about $102.6 million last quarter.
  • Wall Street remains constructive on Meta despite mixed price target moves, with the stock carrying a consensus Moderate Buy rating and an average target price of $840.31.
  • Five stocks to consider instead of Meta Platforms.

ASR Vermogensbeheer N.V. lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,234 shares of the social networking company's stock after selling 1,216 shares during the period. Meta Platforms accounts for 1.9% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 7th biggest holding. ASR Vermogensbeheer N.V.'s holdings in Meta Platforms were worth $163,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of META. Ashton Thomas Private Wealth LLC grew its holdings in Meta Platforms by 34.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock valued at $38,373,000 after purchasing an additional 13,311 shares during the last quarter. Keybank National Association OH grew its stake in shares of Meta Platforms by 15.7% in the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after acquiring an additional 18,169 shares during the last quarter. Becker Capital Management Inc. grew its stake in shares of Meta Platforms by 5.0% in the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after acquiring an additional 1,657 shares during the last quarter. Diversified Trust Co. grew its stake in shares of Meta Platforms by 4.1% in the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after acquiring an additional 3,336 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in Meta Platforms by 16.2% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock worth $5,091,000 after purchasing an additional 968 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 8,089 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer owned 2,841 shares of the company's stock, valued at $1,793,352.84. This represents a 74.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 56,571 shares of the company's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,352 shares of company stock valued at $102,559,436 in the last quarter. 13.53% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on META. Jefferies Financial Group raised their target price on Meta Platforms from $910.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Sanford C. Bernstein cut their price target on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating for the company in a report on Thursday, April 30th. DA Davidson lifted their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Erste Group Bank cut Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Rothschild & Co Redburn set a $900.00 price objective on Meta Platforms in a report on Monday, January 26th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $840.31.

Read Our Latest Analysis on Meta Platforms

Meta Platforms Price Performance

NASDAQ META opened at $614.23 on Monday. The business has a 50 day simple moving average of $622.18 and a 200 day simple moving average of $639.94. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $1.55 trillion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. During the same period in the prior year, the business earned $6.43 EPS. Meta Platforms's revenue for the quarter was up 33.1% compared to the same quarter last year. Analysts anticipate that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Meta Platforms News Summary

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

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.

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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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