Game Plan Financial Advisors LLC Has $164,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Game Plan Financial Advisors LLC reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 95.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 325 shares of the social networking company’s stock after selling 6,824 shares during the period. Game Plan Financial Advisors LLC’s holdings in Meta Platforms were worth $164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 0.4% during the first quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company’s stock worth $90,891,055,000 after purchasing an additional 831,047 shares during the period. Capital World Investors grew its holdings in shares of Meta Platforms by 0.6% during the 1st quarter. Capital World Investors now owns 38,299,316 shares of the social networking company’s stock valued at $18,597,382,000 after purchasing an additional 244,803 shares during the last quarter. Capital International Investors increased its holdings in shares of Meta Platforms by 3.2% during the fourth quarter. Capital International Investors now owns 34,738,470 shares of the social networking company’s stock worth $12,296,383,000 after buying an additional 1,083,719 shares in the last quarter. Capital Research Global Investors boosted its position in Meta Platforms by 14.5% during the 1st quarter. Capital Research Global Investors now owns 34,597,001 shares of the social networking company’s stock worth $16,799,612,000 after buying an additional 4,379,826 shares during the period. Finally, Norges Bank acquired a new stake in Meta Platforms in the fourth quarter valued at $11,285,855,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on META shares. Tigress Financial boosted their target price on shares of Meta Platforms from $575.00 to $645.00 and gave the company a “strong-buy” rating in a research report on Friday, August 16th. UBS Group upped their target price on Meta Platforms from $630.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Meta Platforms in a research note on Thursday, July 25th. Roth Mkm increased their price objective on Meta Platforms from $510.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Susquehanna boosted their target price on Meta Platforms from $550.00 to $600.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $574.41.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $536.92, for a total value of $221,747.96. Following the completion of the transaction, the chief operating officer now directly owns 14,424 shares in the company, valued at $7,744,534.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $536.92, for a total transaction of $221,747.96. Following the completion of the sale, the chief operating officer now directly owns 14,424 shares of the company’s stock, valued at approximately $7,744,534.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 4,909 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $519.17, for a total transaction of $2,548,605.53. Following the completion of the transaction, the chief executive officer now owns 519,000 shares of the company’s stock, valued at $269,449,230. The disclosure for this sale can be found here. Insiders sold 390,072 shares of company stock valued at $201,913,948 in the last ninety days. Company insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $512.74 on Thursday. The firm has a fifty day moving average of $505.31 and a 200-day moving average of $493.77. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 52-week low of $279.40 and a 52-week high of $544.23. The firm has a market capitalization of $1.30 trillion, a P/E ratio of 29.45, a PEG ratio of 1.29 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period in the prior year, the business posted $3.23 EPS. The business’s revenue was up 22.1% on a year-over-year basis. As a group, analysts predict that Meta Platforms, Inc. will post 21.3 EPS for the current year.

Meta Platforms Company 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.