Stokes Family Office LLC Has $1.85 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Stokes Family Office LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 35.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,218 shares of the social networking company’s stock after selling 2,865 shares during the quarter. Stokes Family Office LLC’s holdings in Meta Platforms were worth $1,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of META. Bordeaux Wealth Advisors LLC boosted its stake in Meta Platforms by 25.1% in the 4th quarter. Bordeaux Wealth Advisors LLC now owns 40,867 shares of the social networking company’s stock valued at $14,465,000 after purchasing an additional 8,195 shares during the period. Goldstream Capital Management Ltd lifted its holdings in shares of Meta Platforms by 52.2% during the fourth quarter. Goldstream Capital Management Ltd now owns 37,648 shares of the social networking company’s stock worth $13,326,000 after buying an additional 12,912 shares in the last quarter. Montis Financial LLC bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $209,000. 9258 Wealth Management LLC grew its stake in shares of Meta Platforms by 66.4% in the fourth quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company’s stock valued at $1,413,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Meta Platforms by 31.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 25,676 shares of the social networking company’s stock worth $9,088,000 after acquiring an additional 6,217 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the transaction, the chief operating officer now owns 79,944 shares in the company, valued at $39,015,070.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 34,398 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total value of $15,737,772.96. The disclosure for this sale can be found here. Insiders sold a total of 1,257,876 shares of company stock valued at $613,168,252 in the last quarter. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. UBS Group decreased their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. BNP Paribas began coverage on Meta Platforms in a research report on Thursday. They set an “underperform” rating and a $360.00 price target on the stock. Barclays dropped their price objective on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Oppenheimer reduced their target price on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, Sanford C. Bernstein decreased their price target on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $509.80.

Meta Platforms Trading Up 2.3 %

Meta Platforms stock traded up $10.28 during trading hours on Friday, reaching $451.96. 16,474,126 shares of the company’s stock were exchanged, compared to its average volume of 18,392,596. The firm’s 50 day simple moving average is $491.36 and its 200 day simple moving average is $407.43. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. 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 firm has a market capitalization of $1.15 trillion, a PE ratio of 25.99, a PEG ratio of 1.14 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Research analysts predict that Meta Platforms, Inc. will post 20.1 earnings per share 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.