Curated Wealth Partners LLC Has $487,000 Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Curated Wealth Partners LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,698 shares of the social networking company’s stock after buying an additional 62 shares during the quarter. Curated Wealth Partners LLC’s holdings in Meta Platforms were worth $487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. BlackRock Inc. increased its position in shares of Meta Platforms by 0.8% during the 1st quarter. BlackRock Inc. now owns 152,934,920 shares of the social networking company’s stock worth $32,413,027,000 after purchasing an additional 1,172,997 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $5,424,543,000. Price T Rowe Associates Inc. MD increased its position in shares of Meta Platforms by 19.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,803,774 shares of the social networking company’s stock worth $8,859,893,000 after purchasing an additional 6,735,038 shares during the last quarter. Norges Bank acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $4,223,148,000. Finally, Morgan Stanley acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $4,072,543,000. Institutional investors and hedge funds own 62.87% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Meta Platforms from $290.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, July 12th. Barclays boosted their price target on Meta Platforms from $320.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. 92 Resources reissued a “maintains” rating on shares of Meta Platforms in a report on Monday, June 26th. TD Cowen raised Meta Platforms from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $220.00 to $345.00 in a report on Thursday, July 13th. Finally, The Goldman Sachs Group boosted their target price on Meta Platforms from $300.00 to $335.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.79.

Meta Platforms Trading Down 3.7 %

Shares of META stock opened at $300.31 on Monday. The stock has a market cap of $772.75 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.23. The stock has a 50-day moving average of $302.23 and a 200-day moving average of $259.90. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.14. Meta Platforms, Inc. has a 1-year low of $88.09 and a 1-year high of $326.20.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 26th. The social networking company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.87 by $0.36. Meta Platforms had a return on equity of 21.72% and a net margin of 18.70%. The company had revenue of $32 billion for the quarter, compared to analyst estimates of $30.91 billion. On average, equities research analysts forecast that Meta Platforms, Inc. will post 13.17 earnings per share for the current year.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 722 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $278.73, for a total transaction of $201,243.06. Following the sale, the insider now owns 35,200 shares in the company, valued at approximately $9,811,296. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Meta Platforms news, COO Javier Olivan sold 7,636 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $306.19, for a total value of $2,338,066.84. Following the transaction, the chief operating officer now owns 83,536 shares in the company, valued at $25,577,887.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 722 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $278.73, for a total value of $201,243.06. Following the completion of the transaction, the insider now owns 35,200 shares in the company, valued at approximately $9,811,296. The disclosure for this sale can be found here. Insiders have sold a total of 41,179 shares of company stock worth $12,474,820 in the last 90 days. Corporate insiders own 13.75% of the company’s stock.

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.