Blair William & Co. IL grew its stake in Meta Platforms, Inc. (NASDAQ:FB – Get Rating) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552,685 shares of the social networking company’s stock after buying an additional 14,916 shares during the period. Blair William & Co. IL’s holdings in Meta Platforms were worth $185,896,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in FB. Tanager Wealth Management LLP acquired a new position in shares of Meta Platforms during the 4th quarter worth about $275,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of Meta Platforms by 2.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 266,641 shares of the social networking company’s stock worth $89,685,000 after purchasing an additional 6,950 shares during the last quarter. Fundsmith LLP lifted its position in shares of Meta Platforms by 5.6% during the 4th quarter. Fundsmith LLP now owns 6,800,261 shares of the social networking company’s stock worth $2,287,268,000 after purchasing an additional 360,125 shares during the last quarter. Trail Ridge Investment Advisors LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $594,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Meta Platforms by 5.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,302,555 shares of the social networking company’s stock worth $438,112,000 after purchasing an additional 67,195 shares during the last quarter. 65.49% of the stock is owned by institutional investors.
Several equities analysts have commented on FB shares. Deutsche Bank Aktiengesellschaft started coverage on Meta Platforms in a report on Friday, March 11th. They issued a “buy” rating and a $265.00 price target for the company. Susquehanna cut their price target on Meta Platforms from $375.00 to $290.00 in a report on Thursday, April 28th. Stifel Nicolaus cut their price target on Meta Platforms from $400.00 to $350.00 in a report on Thursday, February 3rd. Susquehanna Bancshares lowered their price objective on Meta Platforms from $375.00 to $290.00 in a research note on Thursday, April 28th. Finally, Loop Capital lowered Meta Platforms from a “buy” rating to a “hold” rating and lowered their price objective for the company from $380.00 to $230.00 in a research note on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $314.41.
Meta Platforms (NASDAQ:FB – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The social networking company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.06. Meta Platforms had a return on equity of 28.74% and a net margin of 31.20%. During the same period last year, the firm posted $3.30 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 11.63 earnings per share for the current fiscal year.
In other Meta Platforms news, CTO Andrew Bosworth sold 11,718 shares of the business’s stock in a transaction that occurred on Sunday, May 15th. The stock was sold at an average price of $198.62, for a total value of $2,327,429.16. Following the sale, the chief technology officer now owns 11,913 shares in the company, valued at approximately $2,366,160.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Susan J.S. Taylor sold 1,420 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $202.16, for a total value of $287,067.20. Following the completion of the sale, the chief accounting officer now owns 1,605 shares in the company, valued at approximately $324,466.80. The disclosure for this sale can be found here. Insiders sold a total of 45,758 shares of company stock valued at $9,217,533 over the last quarter. 13.59% of the stock is owned by insiders.
Meta Platforms Company Profile (Get Rating)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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