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

Brucke Financial Inc. purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,632 shares of the social networking company's stock, valued at approximately $3,298,000. Meta Platforms accounts for approximately 2.9% of Brucke Financial Inc.'s investment portfolio, making the stock its 7th biggest position.

A number of other large investors have also bought and sold shares of META. Vanguard Group Inc. raised its holdings in Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after acquiring an additional 1,502,553 shares during the period. Geode Capital Management LLC raised its stake in shares of Meta Platforms by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock valued at $28,719,970,000 after acquiring an additional 1,020,519 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Meta Platforms by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock worth $24,777,282,000 after buying an additional 1,049,121 shares in the last quarter. Capital World Investors increased its position in shares of Meta Platforms by 2.9% during the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock valued at $23,606,338,000 after acquiring an additional 1,141,355 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $19,949,512,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 6,874 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $4,532,440.64. Following the completion of the transaction, the chief financial officer now owns 70,040 shares of the company's stock, valued at $46,181,574.40. This trade represents a 8.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 406 shares of Meta Platforms stock in a transaction on Monday, April 21st. The stock was sold at an average price of $491.69, for a total transaction of $199,626.14. Following the sale, the chief operating officer now directly owns 4,608 shares of the company's stock, valued at approximately $2,265,707.52. This trade represents a 8.10% 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 valued at $48,380,586 in the last 90 days. Company insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of analyst reports. KeyCorp lifted their target price on shares of Meta Platforms from $645.00 to $655.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Guggenheim boosted their price objective on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird upped their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $610.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays decreased their price objective on shares of Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $701.05.

Meta Platforms Price Performance

Shares of META traded up $1.26 during mid-day trading on Wednesday, hitting $643.58. 8,867,678 shares of the company were exchanged, compared to its average volume of 14,452,485. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. 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 company has a 50 day moving average of $576.79 and a 200-day moving average of $609.77. The stock has a market cap of $1.62 trillion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

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

About Meta Platforms

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.