Jump Financial LLC Decreases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Jump Financial LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 70.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,714 shares of the social networking company’s stock after selling 18,281 shares during the quarter. Jump Financial LLC’s holdings in Meta Platforms were worth $2,730,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. JFS Wealth Advisors LLC lifted its stake in Meta Platforms by 2.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,026 shares of the social networking company’s stock worth $717,000 after purchasing an additional 47 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in shares of Meta Platforms by 3.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 26,826 shares of the social networking company’s stock valued at $9,496,000 after buying an additional 1,010 shares during the period. NBC Securities Inc. raised its position in shares of Meta Platforms by 10.6% during the 4th quarter. NBC Securities Inc. now owns 7,354 shares of the social networking company’s stock valued at $2,603,000 after buying an additional 706 shares during the period. Gateway Advisory LLC raised its position in shares of Meta Platforms by 7.0% during the 4th quarter. Gateway Advisory LLC now owns 2,235 shares of the social networking company’s stock valued at $791,000 after buying an additional 147 shares during the period. Finally, Dana Investment Advisors Inc. raised its position in shares of Meta Platforms by 23.3% during the 4th quarter. Dana Investment Advisors Inc. now owns 96,753 shares of the social networking company’s stock valued at $34,247,000 after buying an additional 18,280 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on META shares. Royal Bank of Canada dropped their price target on shares of Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Raymond James lowered their target price on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a research note on Thursday, April 25th. Mizuho boosted their target price on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt boosted their price target on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Check Out Our Latest Research Report on Meta Platforms

Meta Platforms Price Performance

META stock traded down $8.70 during midday trading on Monday, hitting $467.50. 7,747,764 shares of the stock were exchanged, compared to its average volume of 17,930,787. The stock’s 50-day moving average price is $488.98 and its 200-day moving average price is $415.28. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.24 and a beta of 1.21. Meta Platforms, Inc. has a fifty-two week low of $235.33 and a fifty-two week high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Research analysts predict that Meta Platforms, Inc. will post 20.1 earnings per share for the current year.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 576 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $466.33, for a total value of $268,606.08. Following the completion of the transaction, the insider now directly owns 36,067 shares of the company’s stock, valued at $16,819,124.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 576 shares of Meta Platforms stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $466.33, for a total value of $268,606.08. Following the completion of the sale, the insider now owns 36,067 shares of the company’s stock, valued at $16,819,124.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $466.08, for a total value of $45,253,105.44. The disclosure for this sale can be found here. Insiders sold a total of 1,092,501 shares of company stock valued at $535,778,532 over the last three months. 13.71% of the stock is currently owned by insiders.

Meta Platforms 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.

See Also

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.