Catalyst Financial Partners LLC Boosts Stake in Meta Platforms, Inc. (NASDAQ:META)

Catalyst Financial Partners LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,494 shares of the social networking company’s stock after acquiring an additional 390 shares during the quarter. Meta Platforms makes up 0.6% of Catalyst Financial Partners LLC’s portfolio, making the stock its 25th biggest position. Catalyst Financial Partners LLC’s holdings in Meta Platforms were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC increased its stake 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 valued at $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Meta Platforms by 68.9% in the 3rd 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 boosted its position in shares of 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 buying an additional 43 shares during the period. Cranbrook Wealth Management LLC raised its holdings in Meta Platforms by 80.4% during the fourth 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 purchased a new position in Meta Platforms in the 4th quarter worth about $39,000. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total value of $305,370.00. Following the sale, the insider now owns 38,398 shares of the company’s stock, valued at $20,043,756. The disclosure for this sale can be found here. Insiders have sold a total of 1,223,416 shares of company stock valued at $597,392,856 over the last ninety days. 13.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on META. Roth Mkm increased their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Barclays reduced their price target on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Wells Fargo & Company dropped their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Wolfe Research reduced their target price on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Piper Sandler restated an “overweight” rating and issued a $545.00 price target (down previously from $600.00) on shares of Meta Platforms in a research note on Thursday, April 25th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Meta Platforms Stock Up 0.6 %

Shares of META stock traded up $2.82 during mid-day trading on Thursday, hitting $475.42. The company’s stock had a trading volume of 9,422,173 shares, compared to its average volume of 18,126,488. 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, Inc. has a 52-week low of $230.72 and a 52-week high of $531.49. The stock has a market cap of $1.21 trillion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.18 and a beta of 1.21. The business has a 50-day moving average price of $489.80 and a 200 day moving average price of $412.20.

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

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.