Meta Platforms, Inc. (NASDAQ:META) is Blue Fin Capital Inc.'s 5th Largest Position

Blue Fin Capital Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,875 shares of the social networking company's stock after purchasing an additional 1,031 shares during the period. Meta Platforms comprises 4.5% of Blue Fin Capital Inc.'s holdings, making the stock its 5th largest position. Blue Fin Capital Inc.'s holdings in Meta Platforms were worth $24,519,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Connecticut Wealth Management LLC raised its position in Meta Platforms by 0.9% in the fourth quarter. Connecticut Wealth Management LLC now owns 4,065 shares of the social networking company's stock worth $2,380,000 after acquiring an additional 37 shares during the period. Headinvest LLC increased its stake in shares of Meta Platforms by 17.0% during the 4th quarter. Headinvest LLC now owns 1,938 shares of the social networking company's stock worth $1,135,000 after purchasing an additional 282 shares during the last quarter. City National Bank of Florida MSD bought a new stake in shares of Meta Platforms in the 4th quarter worth approximately $552,000. JT Stratford LLC lifted its stake in Meta Platforms by 5.0% in the fourth quarter. JT Stratford LLC now owns 14,863 shares of the social networking company's stock valued at $8,702,000 after purchasing an additional 707 shares during the last quarter. Finally, Brown Shipley& Co Ltd grew its holdings in Meta Platforms by 22.8% during the fourth quarter. Brown Shipley& Co Ltd now owns 5,334 shares of the social networking company's stock valued at $3,123,000 after purchasing an additional 989 shares during the period. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 0.3%

META opened at $635.50 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91. The stock has a market cap of $1.60 trillion, a PE ratio of 26.57, a PEG ratio of 1.42 and a beta of 1.24. The business has a 50 day moving average of $573.28 and a 200-day moving average of $608.00.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (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 business had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the prior year, the company earned $4.71 earnings per share. The firm'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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

META has been the subject of several analyst reports. Rosenblatt Securities raised their price objective on shares of Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Bank of America increased their price objective on Meta Platforms from $640.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wedbush raised their target price on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Tigress Financial reiterated a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Finally, Citigroup increased their price target on shares of Meta Platforms from $655.00 to $690.00 and gave the stock a "buy" rating 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 given a strong buy rating to the company's stock. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $701.05.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 3,523 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $701.10, for a total value of $2,469,975.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $3,334,383.52. Following the transaction, the chief technology officer now owns 16,463 shares of the company's stock, valued at $10,855,043.68. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,161 shares of company stock worth $51,551,150 in the last three months. 13.71% of the stock is owned by corporate insiders.

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.

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