Ameritas Advisory Services LLC raised its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,225 shares of the social networking company’s stock after acquiring an additional 1,341 shares during the period. Ameritas Advisory Services LLC’s holdings in Meta Platforms were worth $7,173,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC lifted its holdings in Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock valued at $645,000 after acquiring an additional 20 shares during the period. Horizon Bancorp Inc. IN lifted its stake in shares of Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after purchasing an additional 21 shares during the period. Northern Capital Management Inc. boosted its holdings in Meta Platforms by 3.4% during the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock worth $314,000 after buying an additional 21 shares in the last quarter. Buckingham Capital Management Inc. grew its position in Meta Platforms by 5.1% during the second quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock worth $218,000 after buying an additional 21 shares during the period. Finally, LongView Wealth Management increased its holdings in Meta Platforms by 1.3% in the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after buying an additional 22 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Meta Platforms
In related news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $477.00, for a total transaction of $431,685.00. Following the completion of the sale, the insider now directly owns 41,465 shares in the company, valued at $19,778,805. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $477.00, for a total value of $431,685.00. Following the completion of the sale, the insider now owns 41,465 shares of the company’s stock, valued at approximately $19,778,805. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 2,011 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $500.92, for a total value of $1,007,350.12. Following the transaction, the chief executive officer now directly owns 318,932 shares in the company, valued at approximately $159,759,417.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 388,078 shares of company stock worth $200,792,168. 13.71% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on META
Meta Platforms Price Performance
Shares of NASDAQ:META traded down $1.06 during trading hours on Friday, hitting $517.16. 2,950,656 shares of the company’s stock traded hands, compared to its average volume of 15,954,499. The company’s fifty day simple moving average is $504.32 and its two-hundred day simple moving average is $492.38. The company has a market cap of $1.31 trillion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83. Meta Platforms, Inc. has a 52 week low of $279.40 and a 52 week high of $544.23.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same period in the previous year, the firm earned $3.23 earnings per share. Meta Platforms’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 20.5 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.
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