Strategic Blueprint LLC buys 513 shares of Meta Platforms, Inc. (NASDAQ:META)

Strategic Blueprint LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,212 shares of the social networking company’s stock after acquiring an additional 513 shares during the period. Strategic Blueprint LLC’s holdings in Meta Platforms were worth $5,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have recently made changes to their positions in META. Vanguard Group Inc. raised its stake in Meta Platforms by 0.4% in the first quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company’s stock valued at $90,891,055,000 after acquiring an additional 831,047 shares during the last quarter. Capital World Investors boosted its holdings in shares of Meta Platforms by 0.6% in the first quarter. Capital World Investors now owns 38,299,316 shares of the social networking company’s stock worth $18,597,382,000 after buying an additional 244,803 shares during the last quarter. Capital International Investors lifted its position in shares of Meta Platforms by 3.2% in 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 during the last quarter. Capital Research Global Investors raised its stake in Meta Platforms by 14.5% in the first quarter. Capital Research Global Investors now owns 34,597,001 shares of the social networking company’s stock valued at $16,799,612,000 after buying an additional 4,379,826 shares during the last quarter. Finally, Norges Bank purchased a new position in Meta Platforms during the 4th quarter valued at approximately $11,285,855,000. Institutional investors own 79.91% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several brokerages have recently issued reports on META. Wells Fargo & Company boosted their price objective on Meta Platforms from $625.00 to $647.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Robert W. Baird raised their target price on Meta Platforms from $500.00 to $530.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Susquehanna raised their target price on Meta Platforms from $550.00 to $600.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. TD Securities boosted their price objective on shares of Meta Platforms from $530.00 to $600.00 in a research report on Wednesday, July 10th. Finally, BNP Paribas initiated coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $574.41.

Check out our latest report on metaplatforms

Indoor activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 150 shares of Meta Platforms stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.49, for a total transaction of $75,073.50. Following the completion of the sale, the chief executive officer now owns 124,387 shares of the company’s stock, valued at approximately $62,254,449.63. The sale was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. In other news, CFO Susan J. Li sold 8,950 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $526.76, for a total value of $4,714,502.00. Following the completion of the sale, the chief financial officer now directly owns 74,579 shares in the company, valued at $39,285,234.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 150 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $500.49, for a total transaction 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. Insiders have sold 354,155 shares of company stock worth $183,221,085 over the last ninety days. 13.71% of shares are currently owned by insiders.

Performance of meta platform stocks

Shares of META stock opened at $522.12 on Thursday. Meta Platforms, Inc. has a 12-month low of $279.40 and a 12-month high of $544.23. The company’s fifty-day simple moving average is $503.99, and its 200-day simple moving average is $492.19. The company has a current ratio of 2.83, a quick ratio of 2.68, and a debt-to-equity ratio of 0.12. The company has a market cap of $1.32 trillion, a PE ratio of 29.68, a PEG ratio of 1.27 and a beta of 1.21.

Meta Platforms (NASDAQ:META – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The social media company reported $5.16 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $38.26 billion. During the same period in the previous year, the company posted EPS of $3.23. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts expect Meta Platforms, Inc. to post 20.5 earnings per share for the current fiscal year.

About Meta Platforms

(Free Report)

Meta Platforms, Inc is committed to developing products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets and wearables around the world. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which allows people to share, chat, discover and connect with interests; Instagram, a community for sharing photos, videos and private messages, as well as feeds, stories, movies, videos, live and shops; Messenger, a messaging app for people to connect with friends, family, communities and businesses across platforms and devices through text, audio and video calls; and WhatsApp, a messaging app that is used by people and businesses to communicate and transact privately.

Further reading

Want to see what other hedge funds own META? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Meta Platforms, Inc. (NASDAQ:META – Free Report).

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