Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,289 shares of the social networking company’s stock after selling 594 shares during the quarter. Meta Platforms makes up about 2.0% of Baxter Bros Inc.’s investment portfolio, making the stock its 17th largest holding. Baxter Bros Inc.’s holdings in Meta Platforms were worth $14,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Addison Advisors LLC boosted its stake in Meta Platforms by 3.9% in the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after purchasing an additional 25 shares during the period. WoodTrust Financial Corp raised its position in Meta Platforms by 1.8% in the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after buying an additional 27 shares during the last quarter. Tennessee Valley Asset Management Partners lifted its stake in Meta Platforms by 0.6% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after acquiring an additional 27 shares in the last quarter. Peterson Wealth Advisors LLC boosted its position in Meta Platforms by 1.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after acquiring an additional 28 shares during the last quarter. Finally, Edge Wealth Management LLC grew its stake in shares of Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on META shares. UBS Group decreased their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Tigress Financial increased their target price on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Truist Financial decreased their price objective on Meta Platforms from $550.00 to $535.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. BNP Paribas started coverage on shares of Meta Platforms in a research report on Thursday. They issued an “underperform” rating and a $360.00 target price for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 552 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total value of $256,128.00. Following the completion of the transaction, the insider now owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Meta Platforms news, insider Jennifer Newstead sold 552 shares of Meta Platforms stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total value of $256,128.00. Following the transaction, the insider now directly owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 1,257,876 shares of company stock worth $613,168,252. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

NASDAQ META traded up $10.28 on Friday, hitting $451.96. The stock had a trading volume of 16,489,057 shares, compared to its average volume of 20,698,000. The firm has a 50-day moving average of $490.72 and a 200-day moving average of $408.34. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.18 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 2.68. Meta Platforms, Inc. has a 52-week low of $229.85 and a 52-week high of $531.49.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS 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 business 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 20.1 EPS for the current year.

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.