Catalyst Financial Partners LLC Has $2.30 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Catalyst Financial Partners LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,494 shares of the social networking company’s stock after purchasing an additional 390 shares during the period. Meta Platforms accounts for approximately 0.6% of Catalyst Financial Partners LLC’s holdings, making the stock its 25th largest position. Catalyst Financial Partners LLC’s holdings in Meta Platforms were worth $2,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Stone House Investment Management LLC boosted its holdings in shares of 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 during the period. Beaird Harris Wealth Management LLC lifted its stake 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 valued at $31,000 after acquiring an additional 42 shares during the last quarter. PayPay Securities Corp boosted its holdings in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC grew its position in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in Meta Platforms during the 4th quarter worth $39,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.6 %

NASDAQ:META traded up $2.82 during mid-day trading on Thursday, hitting $475.42. 9,422,173 shares of the company’s stock traded hands, 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. The company has a market capitalization of $1.21 trillion, a P/E ratio of 27.24, a P/E/G ratio of 1.18 and a beta of 1.21. The company has a fifty day moving average of $489.80 and a 200 day moving average of $412.20. Meta Platforms, Inc. has a twelve month low of $230.72 and a twelve month high of $531.49.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Robert W. Baird lowered their price objective on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Royal Bank of Canada cut their price target on shares of Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Wolfe Research cut their target price on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Loop Capital dropped their price target on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, KeyCorp cut their price target on Meta Platforms from $575.00 to $555.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

Insider Activity

In related news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total value of $252,164.25. Following the completion of the sale, the insider now owns 36,643 shares of the company’s stock, valued at approximately $15,794,965.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the transaction, the insider now owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $5,185,255.68. Following the completion of the transaction, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Insiders have sold 1,223,416 shares of company stock worth $597,392,856 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

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.