Certified Advisory Corp Has $287,000 Stake in Meta Platforms, Inc. (NASDAQ:META)

Certified Advisory Corp trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812 shares of the social networking company’s stock after selling 93 shares during the period. Certified Advisory Corp’s holdings in Meta Platforms were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Machina Capital S.A.S. acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at $257,000. Larson Financial Group LLC grew its stake in shares of Meta Platforms by 23.1% during the third quarter. Larson Financial Group LLC now owns 5,479 shares of the social networking company’s stock worth $1,645,000 after purchasing an additional 1,028 shares during the period. Berger Financial Group Inc grew its stake in shares of Meta Platforms by 4.9% during the third quarter. Berger Financial Group Inc now owns 3,180 shares of the social networking company’s stock worth $955,000 after purchasing an additional 148 shares during the period. Fiducient Advisors LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $787,000. Finally, Fortis Capital Management LLC grew its stake in shares of Meta Platforms by 4.2% during the third quarter. Fortis Capital Management LLC now owns 8,401 shares of the social networking company’s stock worth $2,522,000 after purchasing an additional 338 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares in the company, valued at approximately $39,015,070.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CTO Andrew Bosworth sold 5,058 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total value of $2,386,617.30. Following the transaction, the chief technology officer now owns 15,412 shares of the company’s stock, valued at approximately $7,272,152.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now directly owns 79,944 shares in the company, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 917,544 shares of company stock worth $453,751,884. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock traded up $5.64 during trading on Wednesday, hitting $470.27. The company had a trading volume of 5,099,337 shares, compared to its average volume of 17,537,428. The stock’s 50-day moving average price is $485.26 and its 200 day moving average price is $423.55. 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 one year low of $244.95 and a one year high of $531.49. The firm has a market capitalization of $1.19 trillion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released its earnings results 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. 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. Equities analysts expect that Meta Platforms, Inc. will post 20.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on META. Loop Capital decreased their price objective on Meta Platforms from $555.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Citigroup decreased their price objective on Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Wedbush decreased their price objective on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Canaccord Genuity Group lifted their price objective on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity Group reduced their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, 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.