Brucke Financial Inc. Makes New $3.30 Million Investment in Meta Platforms, Inc. (NASDAQ:META)

Brucke Financial Inc. bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,632 shares of the social networking company's stock, valued at approximately $3,298,000. Meta Platforms comprises approximately 2.9% of Brucke Financial Inc.'s investment portfolio, making the stock its 7th largest position.

Other large investors also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Meta Platforms in the 4th quarter valued at $40,000. WealthTrak Capital Management LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Meta Platforms in the 4th quarter worth about $45,000. Stuart Chaussee & Associates Inc. bought a new position in Meta Platforms during the fourth quarter valued at about $47,000. Finally, Conquis Financial LLC purchased a new stake in Meta Platforms during the fourth quarter worth about $59,000. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 20,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $677.71, for a total transaction of $13,554,200.00. Following the sale, the insider now owns 308,686 shares in the company, valued at approximately $209,199,589.06. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $673.96, for a total transaction of $409,767.68. Following the sale, the chief operating officer now directly owns 8,662 shares of the company's stock, valued at $5,837,841.52. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,628 shares of company stock worth $48,380,586 over the last three months. 13.71% of the stock is owned by insiders.

Meta Platforms Price Performance

Meta Platforms stock traded up $15.26 during midday trading on Tuesday, hitting $642.32. 9,473,309 shares of the company's stock were exchanged, compared to its average volume of 14,474,756. The company has a market cap of $1.62 trillion, a P/E ratio of 26.85, a PEG ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a 50-day moving average price of $575.66 and a two-hundred day moving average price of $609.55. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. Meta Platforms's revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.71 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

META has been the topic of several research reports. Roth Capital lifted their price objective on shares of Meta Platforms from $580.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Piper Sandler raised their price target on shares of Meta Platforms from $610.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. Bank of America increased their price objective on Meta Platforms from $640.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Raymond James lowered their target price on Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $701.05.

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.