Blue Barn Wealth LLC Makes New $394,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

Blue Barn Wealth LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,114 shares of the social networking company’s stock, valued at approximately $394,000.

Several other large investors have also recently made changes to their positions in META. Vanguard Group Inc. boosted its position in Meta Platforms by 1.0% during the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after purchasing an additional 1,733,182 shares during the period. FMR LLC lifted its holdings 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 buying an additional 5,001,647 shares in the last quarter. Morgan Stanley grew its stake in Meta Platforms by 3.4% during the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock valued at $10,890,950,000 after acquiring an additional 1,184,978 shares in the last quarter. Northern Trust Corp increased its holdings in Meta Platforms by 4.3% during the 3rd quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock worth $6,906,009,000 after acquiring an additional 946,871 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Meta Platforms by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,324,745 shares of the social networking company’s stock worth $4,716,427,000 after purchasing an additional 181,283 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Clegg sold 2,025 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $958,392.00. Following the sale, the insider now directly owns 10,053 shares in the company, valued at $4,757,883.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,223,416 shares of company stock valued at $597,392,856. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Trading Up 0.9 %

Shares of NASDAQ:META traded up $4.36 on Wednesday, hitting $472.60. 11,640,724 shares of the company’s stock were exchanged, compared to its average volume of 18,223,398. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. The business’s 50 day simple moving average is $490.03 and its two-hundred day simple moving average is $411.78. Meta Platforms, Inc. has a 12 month low of $230.72 and a 12 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. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Analysts anticipate that Meta Platforms, Inc. will post 20.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on META shares. Sanford C. Bernstein decreased their target price on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Meta Platforms in a report on Monday, April 22nd. Monness Crespi & Hardt raised their price target on Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Oppenheimer cut their price objective on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Canaccord Genuity Group boosted their target price on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $509.80.

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.