Orion Portfolio Solutions LLC Has $22.84 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Orion Portfolio Solutions LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,675 shares of the social networking company’s stock after purchasing an additional 4,832 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Meta Platforms were worth $22,838,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of META. Donoghue Forlines LLC grew its holdings in Meta Platforms by 94.4% during the 4th quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock worth $2,955,000 after acquiring an additional 4,054 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Meta Platforms by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after acquiring an additional 32,423 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Meta Platforms by 400.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock valued at $885,000 after acquiring an additional 2,000 shares during the last quarter. Bank of Stockton grew its position in Meta Platforms by 9.2% during the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after acquiring an additional 400 shares during the last quarter. Finally, Signify Wealth purchased a new position in Meta Platforms in the 4th quarter worth approximately $228,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on META shares. Jefferies Financial Group dropped their price objective on Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Rosenblatt Securities lifted their price objective on Meta Platforms from $520.00 to $562.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Roth Mkm increased their target price on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. BNP Paribas assumed coverage on Meta Platforms in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target on the stock. Finally, Royal Bank of Canada lowered their price objective on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the transaction, the insider now owns 36,643 shares in the company, valued at $15,794,965.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 77,412 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $483.34, for a total transaction of $37,416,316.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the sale, the insider now owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 886,466 shares of company stock valued at $438,582,433. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 2.7 %

Shares of META traded up $12.44 during mid-day trading on Friday, reaching $478.22. The company’s stock had a trading volume of 12,006,813 shares, compared to its average volume of 17,476,635. The company has a market cap of $1.21 trillion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. Meta Platforms, Inc. has a 1 year low of $249.17 and a 1 year 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 business has a fifty day moving average of $484.18 and a 200 day moving average of $424.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business 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%. As a group, analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal 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.