On March 31, 2023 at 11:29:22 ET an unusually large
$1,741.65K block of Put contracts in Meta Platforms
(META) was bought,
with a strike price of $195.00 / share, expiring in 49 days (on May 19, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.70 sigmas above the mean, placing it in the 95.40 percentile of all recent large trades made in META options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 8.75% Upside
As of March 30, 2023,
the average one-year price target for Meta Platforms is $226.04.
The forecasts range from a low of $80.80 to a high of $320.25.
The average price target represents an increase of 8.75% from its latest reported closing price of $207.84.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Meta Platforms
is $124,043MM, an increase of 6.38%.
The projected annual non-GAAP EPS
is $8.01.
What is the Fund Sentiment?
There are 4448 funds or institutions reporting positions in Meta Platforms.
This is a decrease
of
165
owner(s) or 3.58% in the last quarter.
Average portfolio weight of all funds dedicated to META is 0.89%,
a decrease
of 6.09%.
Total shares owned by institutions decreased
in the last three months by 1.30% to 1,875,338K shares.
The put/call ratio of META is 0.63, indicating a
bullish
outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 68,354K shares
representing 2.64% ownership of the company.
In it’s prior filing, the firm reported owning 67,990K shares, representing
an increase
of 0.53%.
The firm
decreased
its portfolio allocation in META by 17.65% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 51,983K shares
representing 2.01% ownership of the company.
In it’s prior filing, the firm reported owning 51,701K shares, representing
an increase
of 0.54%.
The firm
decreased
its portfolio allocation in META by 17.84% over the last quarter.
Geode Capital Management
holds 45,159K shares
representing 1.74% ownership of the company.
In it’s prior filing, the firm reported owning 43,673K shares, representing
an increase
of 3.29%.
The firm
decreased
its portfolio allocation in META by 15.20% over the last quarter.
Capital International Investors
holds 42,004K shares
representing 1.62% ownership of the company.
In it’s prior filing, the firm reported owning 45,779K shares, representing
a decrease
of 8.99%.
The firm
decreased
its portfolio allocation in META by 25.11% over the last quarter.
FCNTX – Fidelity Contrafund
holds 41,807K shares
representing 1.61% ownership of the company.
In it’s prior filing, the firm reported owning 41,728K shares, representing
an increase
of 0.19%.
The firm
decreased
its portfolio allocation in META by 11.40% over the last quarter.
Meta Platforms Background Information
(This description is provided by the company.)
Facebook’s mission is to give people the power to build community and bring the world closer together.
The company builds useful and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. Facebook also helps people discover and learn about what is going on in the world around them, enable people to share their opinions, ideas, photos and videos, and other activities with audiences ranging from their closest family members and friends to the public at large, and stay connected everywhere by accessing its products, including:
Facebook enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers. There are a number of different ways to engage with people on Facebook and build community, including Facebook News Feed, Stories, Groups, Shops, Marketplace, News, and Watch.
Instagram brings people closer to the people and things they love. It is a place where people can express themselves through photos, videos, and private messaging, and connect with and shop from their favorite businesses and creators. They can do this through Instagram Feed, Stories, Reels, IGTV, Live, Shops, and messaging.
Messenger is a simple yet powerful messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, video, and Rooms.
WhatsApp is a simple, reliable, and secure messaging application that is used by people and businesses around the world to communicate and transact in a private way.
Facebook Reality Labs’ augmented and virtual reality products help people feel connected, anytime, anywhere. Oculus Quest lets people defy distance with cutting-edge virtual reality (VR) hardware, software, and content, while Portal helps friends and families stay connected and share the moments that matter in meaningful ways.
Facebook generates substantially all of its revenue from selling advertising placements to marketers. Its ads enable marketers to reach people based on a variety of factors including age, gender, location, interests, and behaviors. Marketers purchase ads that can appear in multiple places including on Facebook, Instagram, Messenger, and third-party applications and websites.
Founded in 2004 by Mark Zuckerberg, the company is headquartered in Menlo Park, CA.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
