Charles Schwab Investment Management Inc. Has $4.72 Billion Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Charles Schwab Investment Management Inc. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,324,745 shares of the social networking company’s stock after purchasing an additional 181,283 shares during the quarter. Meta Platforms comprises 1.2% of Charles Schwab Investment Management Inc.’s holdings, making the stock its 7th biggest position. Charles Schwab Investment Management Inc. owned approximately 0.52% of Meta Platforms worth $4,716,427,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Stone House Investment Management LLC raised its holdings in Meta Platforms by 625.0% during the third 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 in the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the last quarter. PayPay Securities Corp increased its position in Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares during the period. Cranbrook Wealth Management LLC raised its stake 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 worth $36,000 after purchasing an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $39,000. 79.91% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the transaction, the insider now owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO Andrew Bosworth sold 8,036 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the transaction, the insider now 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 ninety days, insiders sold 1,223,416 shares of company stock worth $597,392,856. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 0.6 %

Shares of NASDAQ:META traded up $2.68 during trading on Wednesday, hitting $470.92. The stock had a trading volume of 6,990,998 shares, compared to its average volume of 18,167,182. 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 12 month low of $230.72 and a 12 month high of $531.49. The company has a market capitalization of $1.19 trillion, a PE ratio of 27.27, a PEG ratio of 1.18 and a beta of 1.21. The firm’s fifty day moving average is $490.03 and its 200 day moving average is $411.78.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Jefferies Financial Group decreased their price target on Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their price target on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. TD Cowen decreased their price target on Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Wells Fargo & Company decreased their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Meta Platforms 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.