Two Sigma Investments LP Has $237.85 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Two Sigma Investments LP raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 853.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406,230 shares of the social networking company's stock after purchasing an additional 363,612 shares during the quarter. Meta Platforms accounts for 0.5% of Two Sigma Investments LP's portfolio, making the stock its 21st largest holding. Two Sigma Investments LP's holdings in Meta Platforms were worth $237,852,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Millstone Evans Group LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $40,000. WealthTrak Capital Management LLC acquired a new position in Meta Platforms in the fourth quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Meta Platforms during the fourth quarter worth $45,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Meta Platforms during the fourth quarter worth $47,000. Finally, Conquis Financial LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at $59,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Javier Olivan sold 2,615 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $1,724,226.40. Following the transaction, the chief operating officer now directly owns 5,437 shares in the company, valued at approximately $3,584,940.32. The trade was a 32.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 19,668 shares of the stock in a transaction on Wednesday, February 19th. The shares were 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. Over the last quarter, insiders have sold 98,837 shares of company stock worth $64,758,661. Corporate insiders own 13.71% of the company's stock.

Meta Platforms Stock Down 0.5%

NASDAQ META traded down $3.33 during trading on Tuesday, hitting $637.10. The stock had a trading volume of 6,716,460 shares, compared to its average volume of 14,506,492. Meta Platforms, Inc. has a 12 month low of $442.65 and a 12 month high of $740.91. 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 company's 50-day moving average price is $572.72 and its two-hundred day moving average price is $607.81. The company has a market capitalization of $1.60 trillion, a PE ratio of 26.63, a P/E/G ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The business had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same quarter in the previous year, the firm posted $4.71 earnings per share. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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. Guggenheim upped their target price on shares of Meta Platforms from $675.00 to $725.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Citigroup raised their price target on shares of Meta Platforms from $655.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Cantor Fitzgerald upped their price objective on Meta Platforms from $624.00 to $676.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Piper Sandler lifted their target price on Meta Platforms from $610.00 to $650.00 and gave the company an "overweight" rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $701.05.

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.