Triglav Skladi D.O.O. Purchases Shares of 105,616 Meta Platforms, Inc. (NASDAQ:META)

Triglav Skladi D.O.O. bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 105,616 shares of the social networking company's stock, valued at approximately $61,839,000. Meta Platforms makes up approximately 4.9% of Triglav Skladi D.O.O.'s investment portfolio, making the stock its 5th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 5.8% during the fourth 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 stake in Meta Platforms in the 4th quarter valued at about $1,836,000. Opulen Financial Group LLC acquired a new position in Meta Platforms during the 4th quarter worth approximately $325,000. Daner Wealth Management LLC bought a new position in Meta Platforms in the fourth quarter worth approximately $334,000. Finally, Eagle Rock Investment Company LLC boosted its holdings in Meta Platforms by 5.7% in the fourth quarter. Eagle Rock Investment Company LLC now owns 30,644 shares of the social networking company's stock worth $17,942,000 after acquiring an additional 1,648 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of NASDAQ META traded down $3.33 during trading on Tuesday, reaching $637.10. 6,716,460 shares of the stock traded hands, compared to its average volume of 14,506,492. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The company has a 50-day moving average of $572.72 and a 200-day moving average of $607.81.

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 (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The business 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%. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.71 EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the completion of the transaction, the chief technology officer now owns 1,183 shares of the company's stock, valued at approximately $753,393.55. The trade was a 94.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 19,668 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $703.21, for a total transaction of $13,830,734.28. The disclosure for this sale can be found here. Insiders have sold 98,837 shares of company stock valued at $64,758,661 in the last 90 days. 13.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on META shares. The Goldman Sachs Group boosted their price objective on Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Argus set a $775.00 price target on shares of Meta Platforms in a research note on Tuesday, February 4th. Piper Sandler raised their price objective on shares of Meta Platforms from $610.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of Meta Platforms from $628.00 to $655.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Tigress Financial restated a "strong-buy" rating on shares of Meta Platforms in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $701.05.

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.