Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,486 shares of the social networking company's stock after buying an additional 463 shares during the quarter. Meta Platforms accounts for approximately 1.3% of Drucker Wealth 3.0 LLC's investment portfolio, making the stock its 21st largest position. Drucker Wealth 3.0 LLC's holdings in Meta Platforms were worth $5,554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of META. Fjell Capital LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $1,836,000. Opulen Financial Group LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $325,000. Daner Wealth Management LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $334,000. Ballentine Partners LLC boosted its stake in shares of Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company's stock valued at $34,087,000 after purchasing an additional 808 shares during the period. Finally, Rezny Wealth Management Inc. boosted its stake in shares of Meta Platforms by 1.0% during the fourth quarter. Rezny Wealth Management Inc. now owns 3,171 shares of the social networking company's stock valued at $1,857,000 after purchasing an additional 31 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 22,449 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $636.85, for a total value of $14,296,645.65. Following the sale, the chief technology officer now owns 1,183 shares in the company, valued at approximately $753,393.55. This represents a 94.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 608 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $488.18, for a total value of $296,813.44. Following the transaction, the chief operating officer now owns 5,622 shares in the company, valued at $2,744,547.96. This trade represents a 9.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,628 shares of company stock worth $48,380,586. Corporate insiders own 13.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler boosted their target price on shares of Meta Platforms from $610.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of Meta Platforms from $628.00 to $655.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Bank of America lifted 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. JPMorgan Chase & Co. lifted their price objective on Meta Platforms from $610.00 to $675.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Citigroup lifted their price objective on Meta Platforms from $655.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $701.05.

Meta Platforms Stock Performance

Meta Platforms stock traded up $15.26 during mid-day trading on Tuesday, hitting $642.32. The company had a trading volume of 9,237,403 shares, compared to its average volume of 14,474,574. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91. The company's fifty day moving average is $575.66 and its 200-day moving average is $609.55. The company has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 26.85, a P/E/G 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, topping the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same quarter in the prior year, the firm posted $4.71 EPS. The business's quarterly revenue was up 16.1% compared to the same quarter last year. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

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.