TCW Group Inc. Has $85.73 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

TCW Group Inc. boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,764 shares of the social networking company’s stock after purchasing an additional 37,690 shares during the period. Meta Platforms comprises about 1.0% of TCW Group Inc.’s holdings, making the stock its 27th largest holding. TCW Group Inc.’s holdings in Meta Platforms were worth $85,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of META. Norges Bank bought a new position in Meta Platforms during the 4th quarter worth $11,285,855,000. FMR LLC lifted its stake in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after acquiring an additional 5,001,647 shares during the period. International Assets Investment Management LLC boosted its holdings in Meta Platforms by 11,154.4% in the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock valued at $1,752,900,000 after acquiring an additional 4,908,251 shares during the last quarter. Concentrum Wealth Management boosted its stake in shares of Meta Platforms by 111.0% in the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock valued at $2,616,000 after purchasing an additional 3,888,308 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Meta Platforms by 55.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after buying an additional 3,093,715 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 0.4 %

Shares of Meta Platforms stock traded down $2.00 on Thursday, reaching $465.78. The company’s stock had a trading volume of 11,701,114 shares, compared to its average volume of 17,530,836. Meta Platforms, Inc. has a 52 week low of $244.95 and a 52 week high of $531.49. The firm’s fifty day simple moving average is $484.71 and its two-hundred day simple moving average is $423.86. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.20 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last issued 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. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Equities analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on META shares. Rosenblatt Securities boosted their price objective on Meta Platforms from $520.00 to $562.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Raymond James reduced their price target on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a report on Thursday, April 25th. Barclays reduced their target price on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $550.00 price target on shares of Meta Platforms in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given 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 an average rating of “Moderate Buy” and an average price target of $509.80.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 77,412 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $486.18, for a total value of $37,636,166.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mark Zuckerberg sold 77,412 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $486.18, for a total value of $37,636,166.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 585 shares of the company’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 sale, the insider now directly owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 917,544 shares of company stock worth $453,751,884. 13.71% of the stock is owned by insiders.

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.