Revisor Wealth Management LLC Has $1.31 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Revisor Wealth Management LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,219 shares of the social networking company's stock after selling 574 shares during the quarter. Meta Platforms makes up approximately 1.2% of Revisor Wealth Management LLC's investment portfolio, making the stock its 19th largest position. Revisor Wealth Management LLC's holdings in Meta Platforms were worth $1,309,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Guggenheim lifted their price target on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Truist Financial lifted their target price on shares of Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. JMP Securities reiterated a "market outperform" rating and set a $750.00 price target on shares of Meta Platforms in a research report on Wednesday, April 30th. Jefferies Financial Group decreased their price target on shares of Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Raymond James lowered their price objective on shares of Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating for the company in a report on Thursday, May 1st. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $701.05.

Insiders Place Their Bets

In other news, insider Christopher K. Cox sold 20,000 shares of the firm's 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 608 shares of Meta Platforms 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 directly owns 5,622 shares of the company's stock, valued at $2,744,547.96. The trade was a 9.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,157 shares of company stock valued at $49,411,000. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

META stock opened at $627.06 on Friday. The stock's 50 day simple moving average is $574.80 and its 200 day simple moving average is $608.90. 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 12-month low of $442.65 and a 12-month high of $740.91. The stock has a market capitalization of $1.58 trillion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (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 firm had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same period in the prior year, the company posted $4.71 earnings per share. The company's quarterly revenue was up 16.1% on a year-over-year basis. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

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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