Meta Platforms, Inc. (NASDAQ:META) Stake Boosted by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,273 shares of the social networking company’s stock after purchasing an additional 61 shares during the period. Moser Wealth Advisors LLC’s holdings in Meta Platforms were worth $451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of META. Addison Advisors LLC increased its stake in Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after purchasing an additional 25 shares in the last quarter. WoodTrust Financial Corp increased its position in shares of Meta Platforms by 1.8% in the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after buying an additional 27 shares in the last quarter. Tennessee Valley Asset Management Partners raised its stake in Meta Platforms by 0.6% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after buying an additional 27 shares during the period. Peterson Wealth Advisors LLC lifted its holdings in Meta Platforms by 1.9% during the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after acquiring an additional 28 shares in the last quarter. Finally, Edge Wealth Management LLC grew its stake in Meta Platforms by 4.0% in the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after acquiring an additional 28 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of Meta Platforms stock traded down $1.31 on Thursday, hitting $471.29. The stock had a trading volume of 2,252,138 shares, compared to its average volume of 18,039,492. The stock has a market cap of $1.20 trillion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. 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 twelve month low of $230.72 and a twelve month high of $531.49. The business’s 50 day moving average is $489.80 and its two-hundred day moving average is $412.20.

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

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the sale, the chief operating officer now owns 79,944 shares in the company, valued at approximately $39,015,070.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 34,398 shares of Meta Platforms stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $469.69, for a total transaction of $16,156,396.62. The disclosure for this sale can be found here. Insiders sold 1,223,416 shares of company stock worth $597,392,856 in the last quarter. 13.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. UBS Group lowered their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Robert W. Baird cut their price target on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. JMP Securities reiterated a “market outperform” rating and set a $550.00 price objective on shares of Meta Platforms in a report on Monday, April 22nd. Finally, Oppenheimer dropped their target price on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $509.80.

About Meta Platforms

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.