Meta Platforms, Inc. (NASDAQ:META) is Teewinot Capital Advisers L.L.C.'s 4th Largest Position

Teewinot Capital Advisers L.L.C. reduced its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 127,221 shares of the social networking company's stock after selling 49,378 shares during the quarter. Meta Platforms makes up 7.6% of Teewinot Capital Advisers L.L.C.'s investment portfolio, making the stock its 4th largest holding. Teewinot Capital Advisers L.L.C.'s holdings in Meta Platforms were worth $74,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of META. Regent Peak Wealth Advisors LLC grew its stake in Meta Platforms by 5.8% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company's stock valued at $2,939,000 after purchasing an additional 277 shares during the period. Fjell Capital LLC bought a new position in Meta Platforms in the 4th quarter valued at $1,836,000. Opulen Financial Group LLC bought a new position in Meta Platforms in the 4th quarter valued at $325,000. Brady Family Wealth LLC grew its stake in Meta Platforms by 14.1% in the 4th quarter. Brady Family Wealth LLC now owns 2,671 shares of the social networking company's stock valued at $1,564,000 after purchasing an additional 331 shares during the period. Finally, Mason & Associates Inc grew its stake in shares of Meta Platforms by 28.5% during the 4th quarter. Mason & Associates Inc now owns 1,372 shares of the social networking company's stock worth $803,000 after acquiring an additional 304 shares during the period. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

META has been the subject of several research reports. Oppenheimer increased their price target on Meta Platforms from $650.00 to $665.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Arete Research upgraded Meta Platforms to a "hold" rating in a research note on Friday, January 24th. Barclays cut their price target on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Tigress Financial reiterated a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Finally, Moffett Nathanson increased their price target on Meta Platforms from $525.00 to $605.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $701.05.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,668 shares of Meta Platforms stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $703.21, for a total value of $13,830,734.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher K. Cox sold 20,000 shares of Meta Platforms stock in a transaction that occurred 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 transaction, the insider now directly owns 308,686 shares in the company, valued at $209,199,589.06. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,852 shares of company stock valued at $41,665,958. Corporate insiders own 13.71% of the company's stock.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $640.34 on Friday. The stock has a market cap of $1.61 trillion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.42 and a beta of 1.24. 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 1-year low of $442.65 and a 1-year high of $740.91. The stock's 50-day moving average is $571.37 and its 200 day moving average is $606.82.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The company 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 for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $4.71 EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.