Vise Technologies Inc. Acquires 11,001 Shares of Meta Platforms, Inc. (NASDAQ:META)

Vise Technologies Inc. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,538 shares of the social networking company's stock after buying an additional 11,001 shares during the period. Meta Platforms comprises approximately 1.7% of Vise Technologies Inc.'s portfolio, making the stock its 6th biggest position. Vise Technologies Inc.'s holdings in Meta Platforms were worth $20,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in META. Valley Financial Group Inc. increased its holdings in Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after buying an additional 14 shares in the last quarter. Lantern Wealth Advisors LLC increased its position in Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after acquiring an additional 14 shares during the last quarter. Seelaus Asset Management LLC lifted its holdings in Meta Platforms by 0.9% in the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock valued at $960,000 after acquiring an additional 15 shares during the period. Meredith Wealth Planning grew its stake in shares of Meta Platforms by 0.8% during the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after purchasing an additional 15 shares during the period. Finally, Maiden Cove Capital LLC boosted its holdings in shares of Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock worth $282,000 after buying an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, insider Christopher K. Cox sold 20,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $677.71, for a total transaction of $13,554,200.00. Following the completion of the sale, the insider now directly owns 308,686 shares in the company, valued at $209,199,589.06. This represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction dated Friday, May 16th. The shares were 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 directly owns 1,183 shares of the company's stock, valued at approximately $753,393.55. This trade represents a 94.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,628 shares of company stock worth $48,380,586 over the last quarter. 13.71% of the stock is currently owned by insiders.

Meta Platforms Price Performance

NASDAQ META traded up $11.91 during trading hours on Tuesday, reaching $638.97. The company's stock had a trading volume of 4,121,899 shares, compared to its average volume of 14,454,168. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market cap of $1.61 trillion, a PE ratio of 26.72, a PEG ratio of 1.42 and a beta of 1.24. The company's 50-day moving average is $575.66 and its two-hundred day moving average is $609.55. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $41.45 billion. During the same quarter last year, the company earned $4.71 earnings per share. The business's revenue for the quarter was up 16.1% compared to the same quarter last year. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on Meta Platforms from $645.00 to $655.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. DA Davidson dropped their price target on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a research report on Monday, April 14th. BMO Capital Markets lifted their target price on shares of Meta Platforms from $530.00 to $610.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. JMP Securities reaffirmed a "market outperform" rating and issued a $750.00 target price on shares of Meta Platforms in a report on Wednesday, April 30th. Finally, Needham & Company LLC reissued an "underperform" rating on shares of Meta Platforms 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 given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $701.05.

About Meta Platforms

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.