Van Hulzen Asset Management LLC Reduces Position in Meta Platforms, Inc. (NASDAQ:META)

Van Hulzen Asset Management LLC decreased its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,351 shares of the social networking company's stock after selling 5,448 shares during the period. Van Hulzen Asset Management LLC's holdings in Meta Platforms were worth $14,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in META. Stone House Investment Management LLC increased its stake in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company's stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC increased its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company's stock worth $31,000 after purchasing an additional 42 shares during the last quarter. PayPay Securities Corp raised its stake in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company's stock worth $33,000 after purchasing an additional 43 shares during the period. Cranbrook Wealth Management LLC boosted its holdings in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company's stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $39,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Nicholas Clegg sold 2,025 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $958,392.00. Following the completion of the sale, the insider now directly owns 10,053 shares of the company's stock, valued at approximately $4,757,883.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Nicholas Clegg sold 2,025 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $958,392.00. Following the completion of the transaction, the insider now directly owns 10,053 shares of the company's stock, valued at $4,757,883.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares in the company, valued at approximately $20,043,756. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,126,899 shares of company stock worth $552,059,793. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Performance

NASDAQ:META traded up $0.78 during mid-day trading on Friday, reaching $476.20. 10,735,153 shares of the stock were exchanged, compared to its average volume of 20,650,992. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1 year low of $231.45 and a 1 year high of $531.49. The company has a 50 day simple moving average of $489.50 and a 200-day simple moving average of $412.64. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 27.35, a P/E/G ratio of 1.21 and a beta of 1.21.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Analysts anticipate that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

META has been the topic of a number of recent analyst reports. Loop Capital decreased their price objective on Meta Platforms from $555.00 to $550.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Robert W. Baird decreased their price target on Meta Platforms from $525.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Needham & Company LLC reissued an "underperform" rating on shares of Meta Platforms in a research report on Thursday, April 25th. Roth Mkm upped their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Meta Platforms from $540.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $509.80.

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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