1,573 Shares in Meta Platforms, Inc. (NASDAQ:META) Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,573 shares of the social networking company's stock, valued at approximately $921,000.

Several other large investors also recently bought and sold shares of META. Millstone Evans Group LLC purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $40,000. WealthTrak Capital Management LLC purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $45,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $47,000. Finally, Conquis Financial LLC purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on Meta Platforms from $752.00 to $664.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada restated an "outperform" rating and set a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. Mizuho raised their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Susquehanna reduced their price objective on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Finally, UBS Group raised their price objective on Meta Platforms from $650.00 to $683.00 and gave the stock a "buy" rating in a research note 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $701.05.

Meta Platforms Price Performance

NASDAQ:META traded up $1.79 during mid-day trading on Thursday, reaching $645.37. 5,262,093 shares of the stock were exchanged, compared to its average volume of 16,867,680. The business has a fifty day moving average price of $577.74 and a 200 day moving average price of $610.01. The firm has a market capitalization of $1.62 trillion, a PE ratio of 26.98, a PEG ratio of 1.42 and a beta of 1.24. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. 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 (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion for the quarter, compared to analysts' expectations 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 last year, the business posted $4.71 EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $673.96, for a total value of $409,767.68. Following the transaction, the chief operating officer now owns 8,662 shares of the company's stock, valued at approximately $5,837,841.52. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $595.00, for a total value of $547,995.00. Following the sale, the insider now owns 33,024 shares of the company's stock, valued at $19,649,280. The trade was a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,628 shares of company stock valued at $34,826,386. 13.61% of the stock is owned by corporate insiders.

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.