Hudson Value Partners LLC Buys 1,082 Shares of Meta Platforms, Inc. (NASDAQ:META)

Hudson Value Partners LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 79.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,445 shares of the social networking company's stock after purchasing an additional 1,082 shares during the quarter. Hudson Value Partners LLC's holdings in Meta Platforms were worth $1,432,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 608 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $488.18, for a total value of $296,813.44. Following the completion of the sale, the chief operating officer now owns 5,622 shares in the company, valued at approximately $2,744,547.96. This represents a 9.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 20,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $677.71, for a total value of $13,554,200.00. Following the completion of the sale, the insider now owns 308,686 shares of the company's stock, valued at $209,199,589.06. The trade was a 6.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,157 shares of company stock valued at $49,411,000. 13.71% of the stock is owned by company insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $636.57 on Friday. Meta Platforms, Inc. has a one year low of $442.65 and a one year high of $740.91. The stock's fifty day moving average is $573.91 and its 200 day moving average is $608.53. The stock has a market cap of $1.60 trillion, a P/E ratio of 26.61, a P/E/G 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.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The company had revenue of $42.31 billion for the quarter, compared to analysts' expectations of $41.45 billion. During the same period last year, the firm earned $4.71 EPS. Meta Platforms's revenue for the quarter was up 16.1% compared to the same quarter last year. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on META shares. Monness Crespi & Hardt upped their price objective on Meta Platforms from $775.00 to $780.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Jefferies Financial Group lowered their price objective on Meta Platforms from $725.00 to $600.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Susquehanna lowered their price objective on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Oppenheimer upped their price objective on Meta Platforms from $650.00 to $665.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Guggenheim upped their price objective on Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $701.05.

Meta Platforms Company 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.

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