Meta Platforms, Inc. (META) (NASDAQ:FB) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities started coverage on shares of Meta Platforms, Inc. (META) (NASDAQ:FBGet Rating) in a report issued on Friday. The firm issued a market perform rating and a $188.00 price target on the stock.

Separately, StockNews.com started coverage on shares of Meta Platforms, Inc. (META) in a research note on Monday, July 4th. They issued a hold rating on the stock.

Meta Platforms, Inc. (META) Stock Performance

Shares of NASDAQ FB opened at $196.64 on Friday. Meta Platforms, Inc. has a 1 year low of $169.00 and a 1 year high of $384.33.

Insider Activity at Meta Platforms, Inc. (META)

In related news, insider Jennifer Newstead sold 342 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $165.89, for a total transaction of $56,734.38. Following the transaction, the insider now owns 19,115 shares in the company, valued at $3,170,987.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aldebaran Financial Inc. purchased a new stake in Meta Platforms, Inc. (META) during the second quarter valued at approximately $1,050,000. Jag Capital Management LLC increased its holdings in Meta Platforms, Inc. (META) by 355.7% during the second quarter. Jag Capital Management LLC now owns 11,926 shares of the company’s stock valued at $1,923,000 after buying an additional 9,309 shares during the last quarter. Graypoint LLC increased its holdings in Meta Platforms, Inc. (META) by 0.6% during the second quarter. Graypoint LLC now owns 13,878 shares of the company’s stock valued at $2,238,000 after buying an additional 87 shares during the last quarter. Castle Wealth Management LLC purchased a new stake in Meta Platforms, Inc. (META) during the second quarter valued at approximately $302,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Meta Platforms, Inc. (META) by 22.7% during the second quarter. EverSource Wealth Advisors LLC now owns 6,969 shares of the company’s stock valued at $1,124,000 after buying an additional 1,289 shares during the last quarter.

About Meta Platforms, Inc. (META)

(Get Rating)

Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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