Verus Capital Partners LLC Has $2.53 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Verus Capital Partners LLC grew its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,439 shares of the social networking company’s stock after buying an additional 228 shares during the quarter. Verus Capital Partners LLC’s holdings in Meta Platforms were worth $2,533,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in Meta Platforms during the first quarter valued at approximately $66,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Meta Platforms by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after acquiring an additional 249,926 shares in the last quarter. Ergoteles LLC boosted its position in Meta Platforms by 284.0% during the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock valued at $746,000 after purchasing an additional 2,482 shares during the last quarter. First Western Trust Bank purchased a new position in Meta Platforms in the first quarter valued at about $813,000. Finally, Oxford Financial Group Ltd. grew its stake in Meta Platforms by 26.9% in the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock valued at $420,000 after purchasing an additional 400 shares in the last quarter. 62.87% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.2 %

META opened at $368.37 on Thursday. The firm has a market cap of $946.66 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.57 and a current ratio of 2.57. The firm’s 50-day simple moving average is $343.30 and its 200-day simple moving average is $317.90. Meta Platforms, Inc. has a twelve month low of $132.14 and a twelve month high of $377.06.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The social networking company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.77. The firm had revenue of $34.15 billion for the quarter, compared to analysts’ expectations of $33.58 billion. Meta Platforms had a net margin of 23.42% and a return on equity of 26.40%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. Equities research analysts anticipate that Meta Platforms, Inc. will post 14.34 EPS for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 28,009 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $310.60, for a total value of $8,699,595.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mark Zuckerberg sold 28,009 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $310.60, for a total transaction of $8,699,595.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 670 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $316.78, for a total transaction of $212,242.60. Following the completion of the transaction, the insider now owns 33,660 shares of the company’s stock, valued at approximately $10,662,814.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 783,670 shares of company stock worth $264,994,944. 13.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on META. Guggenheim lifted their price target on Meta Platforms from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, September 27th. Roth Mkm boosted their target price on shares of Meta Platforms from $360.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Wedbush raised their price target on shares of Meta Platforms from $350.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, December 27th. Mizuho lifted their price objective on shares of Meta Platforms from $400.00 to $470.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Truist Financial increased their target price on shares of Meta Platforms from $390.00 to $405.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $360.75.

View Our Latest Analysis on META

Meta Platforms Company Profile

(Free Report)

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

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