Valley Brook Capital Group Inc. Purchases 152 Shares of Meta Platforms, Inc. (NASDAQ:META)

Valley Brook Capital Group Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,448 shares of the social networking company’s stock after acquiring an additional 152 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Meta Platforms were worth $866,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of META. Vanguard Group Inc. increased its stake in shares of Meta Platforms by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after purchasing an additional 1,733,182 shares during the last quarter. FMR LLC grew its position in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after acquiring an additional 5,001,647 shares during the last quarter. Morgan Stanley grew its holdings in shares of Meta Platforms by 3.4% during the 3rd quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock valued at $10,890,950,000 after purchasing an additional 1,184,978 shares during the last quarter. Northern Trust Corp lifted its stake in Meta Platforms by 4.3% in the 3rd quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock valued at $6,906,009,000 after purchasing an additional 946,871 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,143,462 shares of the social networking company’s stock valued at $3,945,799,000 after buying an additional 111,735 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now owns 18,432 shares in the company, valued at approximately $8,723,496.96. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 8,036 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the sale, the chief technology officer now owns 18,432 shares of the company’s stock, valued at $8,723,496.96. The disclosure for this sale can be found here. Insiders sold a total of 1,257,876 shares of company stock valued at $613,168,252 over the last quarter. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of several recent analyst reports. Rosenblatt Securities increased their price objective on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Sanford C. Bernstein cut their price target on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Mizuho upped their price target on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Bank of America boosted their price target on shares of Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two equities research 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 company. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $509.80.

Meta Platforms Stock Up 2.3 %

Shares of NASDAQ META traded up $10.28 during mid-day trading on Friday, reaching $451.96. The company had a trading volume of 16,489,057 shares, compared to its average volume of 20,698,000. The stock’s 50 day moving average is $490.72 and its 200-day moving average is $409.58. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. The stock has a market capitalization of $1.15 trillion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal 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.