Observing the Meta stock price graph, traders note key support near $495, tested multiple times. Holding above this threshold could signal renewed confidence ahead of earnings announcements. The fact that multiple Meta Platforms, Inc. ( NASDAQ:META ) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, if numerous insiders are selling, shareholders should investigate more. Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. Apella Capital LLC increased its holdings in Meta Platforms by 40.6% during the 1st quarter. Apella Capital LLC now owns 3,560 shares of the social networking company's stock valued at $2,085,000 after acquiring an additional 1,028 shares in the last quarter. Matrix Trust Co increased its holdings in Meta Platforms by 26.4% during the 1st quarter. Matrix Trust Co now owns 359 shares of the social networking company's stock valued at $207,000 after acquiring an additional 75 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC increased its holdings in Meta Platforms by 3.1% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 3,004 shares of the social networking company's stock valued at $1,731,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock. About Meta Platforms ( Get Free Report ) 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. Featured Stories Five stocks we like better than Meta Platforms What is a Dividend Harvesting Strategy and How Can Investors Profit from it? QURE: Why Analysts See Up to 63% Upside After 250% Single-Day Pop Stock Splits, Do They Really Impact Investors? Robinhood Up 12%—Could Prediction Markets Be Its Secret Weapon? What Investors Need to Know to Beat the Market Conagra Brands High-Yield and Deep Value Are a Buy in October This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Meta Platforms Right Now? Before you consider Meta Platforms, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list. While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Reduce the Risk Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio. Get This Free Report The Meta stock price graph’s upward slope since mid-June correlates with rising cash flow projections, as Meta’s e-commerce integrations outpace competitor launches.
