Revisor Wealth Management LLC Sells 574 Shares of Meta Platforms, Inc. (NASDAQ:META)

Revisor Wealth Management LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 20.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,219 shares of the social networking company’s stock after selling 574 shares during the period. Meta Platforms accounts for about 1.2% of Revisor Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Revisor Wealth Management LLC’s holdings in Meta Platforms were worth $1,309,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fjell Capital LLC bought a new position in shares of Meta Platforms in the fourth quarter worth approximately $1,836,000. Opulen Financial Group LLC purchased a new position in shares of Meta Platforms during the 4th quarter valued at $325,000. Daner Wealth Management LLC bought a new position in Meta Platforms in the 4th quarter worth $334,000. Ballentine Partners LLC boosted its holdings in Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after buying an additional 808 shares during the period. Finally, Rezny Wealth Management Inc. increased its stake in Meta Platforms by 1.0% in the 4th quarter. Rezny Wealth Management Inc. now owns 3,171 shares of the social networking company’s stock worth $1,857,000 after buying an additional 31 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on META shares. Roth Capital boosted their price objective on Meta Platforms from $580.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Cantor Fitzgerald boosted their price target on Meta Platforms from $624.00 to $676.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Barclays cut their price objective on shares of Meta Platforms from $705.00 to $640.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Tigress Financial reiterated a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Finally, Susquehanna dropped their target price on shares of Meta Platforms from $800.00 to $700.00 and set a “positive” rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $701.05.

Meta Platforms Price Performance

Meta Platforms stock opened at $627.06 on Friday. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $574.80 and a 200-day moving average price of $608.90. The firm has a market capitalization of $1.58 trillion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The company had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same period in the prior year, the company posted $4.71 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 406 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $491.69, for a total transaction of $199,626.14. Following the completion of the sale, the chief operating officer now directly owns 4,608 shares of the company’s stock, valued at approximately $2,265,707.52. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Andrew Bosworth sold 5,057 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $3,334,383.52. Following the completion of the transaction, the chief technology officer now owns 16,463 shares in the company, valued at approximately $10,855,043.68. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,157 shares of company stock worth $49,411,000. 13.71% of the stock is currently owned by company insiders.

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.