LSV Asset Management Has $248.20 Million Position in Meta Platforms, Inc. (NASDAQ:META)

LSV Asset Management lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 26.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 701,220 shares of the social networking company’s stock after selling 250,320 shares during the quarter. LSV Asset Management’s holdings in Meta Platforms were worth $248,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. M&T Bank Corp grew its stake in shares of Meta Platforms by 0.4% during the 4th quarter. M&T Bank Corp now owns 362,744 shares of the social networking company’s stock worth $128,397,000 after acquiring an additional 1,279 shares in the last quarter. Bordeaux Wealth Advisors LLC grew its position in Meta Platforms by 25.1% in the fourth 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 in the last quarter. Goldstream Capital Management Ltd lifted its position in Meta Platforms by 52.2% during the 4th 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 Meta Platforms during the 4th quarter worth about $209,000. Finally, 9258 Wealth Management LLC boosted its stake in shares of Meta Platforms by 66.4% during the 4th quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company’s stock worth $1,413,000 after buying an additional 1,594 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

META traded up $10.28 during trading on Friday, hitting $451.96. 16,489,057 shares of the stock traded hands, compared to its average volume of 20,698,000. The business has a 50 day moving average price of $490.72 and a 200 day moving average price of $408.34. The company has a market cap of $1.15 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.18 and a beta of 1.21. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Equities research analysts forecast that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the transaction, the insider now directly owns 38,398 shares in the company, valued at approximately $20,043,756. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $441.54, for a total transaction of $216,354.60. Following the sale, the chief operating officer now directly owns 6,599 shares in the company, valued at $2,913,722.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now directly owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,257,876 shares of company stock valued at $613,168,252. 13.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on META shares. JPMorgan Chase & Co. dropped their target price on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research note on Thursday, April 25th. UBS Group lowered their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Tigress Financial increased their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research note on Friday, February 9th. Finally, Morgan Stanley boosted their price objective on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

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.