Winfield Associates Inc. Has $2.53 Million Stock Position in Meta Platforms, Inc. (NASDAQ:FB)

Winfield Associates Inc. lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:FBGet Rating) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,525 shares of the social networking company’s stock after selling 129 shares during the period. Winfield Associates Inc.’s holdings in Meta Platforms were worth $2,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Barnett & Company Inc. grew its stake in Meta Platforms by 105.0% in the fourth quarter. Barnett & Company Inc. now owns 82 shares of the social networking company’s stock valued at $28,000 after acquiring an additional 42 shares during the period. Evolution Advisers Inc. acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $48,000. Horan Securities Inc. acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $53,000. Maryland Capital Advisors Inc. acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $58,000. Finally, Leverty Financial Group LLC acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $60,000. 65.49% of the stock is owned by institutional investors and hedge funds.

NASDAQ FB traded up $7.38 during trading on Friday, hitting $198.62. The stock had a trading volume of 24,524,937 shares, compared to its average volume of 38,863,792. The stock has a market capitalization of $537.53 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.19 and a beta of 1.37. Meta Platforms, Inc. has a one year low of $169.00 and a one year high of $384.33. The stock has a 50 day simple moving average of $207.75 and a 200 day simple moving average of $268.60.

Meta Platforms (NASDAQ:FBGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The social networking company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.06. Meta Platforms had a net margin of 31.20% and a return on equity of 28.74%. During the same period in the prior year, the company earned $3.30 earnings per share. On average, sell-side analysts expect that Meta Platforms, Inc. will post 11.63 EPS for the current fiscal year.

In related news, CAO Susan J.S. Taylor sold 2,272 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $214.00, for a total transaction of $486,208.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 311 shares of Meta Platforms stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $199.60, for a total transaction of $62,075.60. Following the transaction, the insider now directly owns 12,187 shares in the company, valued at $2,432,525.20. The disclosure for this sale can be found here. Insiders have sold 8,768 shares of company stock valued at $1,858,518 in the last ninety days. Insiders own 13.59% of the company’s stock.

FB has been the topic of a number of recent research reports. lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, February 24th. The Goldman Sachs Group dropped their target price on Meta Platforms from $445.00 to $355.00 and set a “buy” rating on the stock in a report on Thursday, February 3rd. KeyCorp dropped their target price on Meta Platforms from $420.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, February 3rd. Mizuho dropped their target price on Meta Platforms from $425.00 to $325.00 and set a “buy” rating on the stock in a report on Monday, April 25th. Finally, Monness Crespi & Hardt dropped their price target on Meta Platforms from $460.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Buy” and a consensus price target of $316.80.

About Meta Platforms (Get Rating)

Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:FB)

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