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Yanni & Associates Investment Advisors LLC Buys Shares of 1,246 Meta Platforms, Inc. $META

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Key Points

  • Yanni & Associates Investment Advisors opened a new position in Meta Platforms during the fourth quarter, buying 1,246 shares valued at about $822,000. The stock now represents 0.8% of the firm’s portfolio and is its 18th-largest holding.
  • Institutional interest in Meta remains strong, with several other hedge funds and asset managers also increasing their stakes. The article notes that institutional investors and hedge funds own 79.91% of Meta’s shares.
  • Meta’s business outlook looks constructive: it recently launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, while also testing paid AI tiers and keeping ad business momentum strong. However, the company continues to face legal and regulatory pressure, including a Supreme Court setback in a Vermont lawsuit and a new scam-ads case.
  • Five stocks to consider instead of Meta Platforms.

Yanni & Associates Investment Advisors LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,246 shares of the social networking company's stock, valued at approximately $822,000. Meta Platforms makes up 0.8% of Yanni & Associates Investment Advisors LLC's investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently modified their holdings of META. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Meta Platforms by 34.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock valued at $38,373,000 after acquiring an additional 13,311 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after acquiring an additional 18,169 shares in the last quarter. Becker Capital Management Inc. boosted its holdings in shares of Meta Platforms by 5.0% during the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock valued at $25,741,000 after acquiring an additional 1,657 shares in the last quarter. Diversified Trust Co. boosted its holdings in shares of Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after acquiring an additional 3,336 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Meta Platforms by 16.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after acquiring an additional 968 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares of the company's stock, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 95,471 shares of company stock valued at $60,616,955. Corporate insiders own 13.53% of the company's stock.

Meta Platforms Stock Up 3.7%

Shares of NASDAQ:META opened at $635.26 on Thursday. The firm has a market cap of $1.61 trillion, a P/E ratio of 23.09, a P/E/G ratio of 1.08 and a beta of 1.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The business has a fifty day simple moving average of $617.25 and a 200 day simple moving average of $636.82.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $6.43 EPS. Analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on META. Truist Financial cut their price objective on Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group raised their price objective on Meta Platforms from $910.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $810.00 target price on shares of Meta Platforms in a research report on Thursday, April 30th. Wedbush raised their target price on Meta Platforms from $880.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Meta Platforms from $880.00 to $920.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $840.19.

Get Our Latest Analysis on Meta Platforms

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Read More

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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