Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Arrow Financial Corp

Arrow Financial Corp boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,449 shares of the social networking company’s stock after purchasing an additional 33 shares during the period. Arrow Financial Corp’s holdings in Meta Platforms were worth $6,781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in META. Vantage Financial Partners LLC grew its stake in shares of Meta Platforms by 3.2% in the 4th quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company’s stock worth $468,000 after purchasing an additional 41 shares during the last quarter. Concentrum Wealth Management boosted its holdings in Meta Platforms by 111.0% during the fourth quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock worth $2,616,000 after buying an additional 3,888,308 shares in the last quarter. Aveo Capital Partners LLC grew its position in Meta Platforms by 45.7% in the fourth quarter. Aveo Capital Partners LLC now owns 2,302 shares of the social networking company’s stock worth $815,000 after buying an additional 722 shares during the last quarter. 9258 Wealth Management LLC increased its holdings 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 buying an additional 1,594 shares in the last quarter. Finally, Charles Carroll Financial Partners LLC lifted its position in shares of Meta Platforms by 14.4% during the 4th quarter. Charles Carroll Financial Partners LLC now owns 8,325 shares of the social networking company’s stock valued at $2,947,000 after acquiring an additional 1,050 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

META has been the topic of a number of recent research reports. BMO Capital Markets restated a “market perform” rating and issued a $450.00 target price on shares of Meta Platforms in a report on Wednesday, June 12th. Benchmark restated a “hold” rating on shares of Meta Platforms in a report on Thursday, July 25th. Raymond James raised their price objective on shares of Meta Platforms from $550.00 to $600.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 1st. Oppenheimer boosted their target price on shares of Meta Platforms from $525.00 to $615.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Sanford C. Bernstein raised their target price on Meta Platforms from $565.00 to $575.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $574.41.

Insider Activity

In related news, CFO Susan J. Li sold 33,018 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $517.94, for a total transaction of $17,101,342.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Susan J. Li sold 33,018 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $517.94, for a total value of $17,101,342.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 150 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.49, for a total value of $75,073.50. Following the transaction, the chief executive officer now owns 124,387 shares in the company, valued at $62,254,449.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 388,078 shares of company stock valued at $200,792,168. 13.71% of the stock is owned by company insiders.

Meta Platforms Trading Up 0.6 %

Shares of META stock opened at $521.31 on Friday. Meta Platforms, Inc. has a 12 month low of $279.40 and a 12 month high of $544.23. The company has a market cap of $1.32 trillion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $504.85 and its two-hundred day moving average is $492.97.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same period in the previous year, the company posted $3.23 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts predict that Meta Platforms, Inc. will post 20.5 EPS for the current year.

Meta Platforms 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.