On April 20, 2023 at 10:33:03 ET an unusually large $2,618.85K block of Call contracts in Meta Platforms Inc – (META) was bought, with a strike price of $230.00 / share, expiring in 92 day(s) (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.47 sigmas above the mean, placing it in the 99.98th 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.

What is the Fund Sentiment?

There are 4498 funds or institutions reporting positions in Meta Platforms Inc -. This is a decrease of 79 owner(s) or 1.73% in the last quarter. Average portfolio weight of all funds dedicated to META is 0.89%, a decrease of 5.36%. Total shares owned by institutions decreased in the last three months by 1.48% to 1,873,047K shares. The put/call ratio of META is 0.64, indicating a bullish outlook.

Analyst Price Forecast Suggests 6.03% Upside

As of April 6, 2023, the average one-year price target for Meta Platforms Inc – is $228.71. The forecasts range from a low of $80.80 to a high of $320.25. The average price target represents an increase of 6.03% from its latest reported closing price of $215.70.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Meta Platforms Inc – is $124,043MM, an increase of 6.38%. The projected annual non-GAAP EPS is $8.01.

What are Other Shareholders Doing?

DHQAX – Day Hagan Logix Tactical Dividend Fund holds 5K shares representing 0.00% ownership of the company. No change in the last quarter.

Burleson & Company holds 77K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 97K shares, representing a decrease of 26.51%. The firm decreased its portfolio allocation in META by 99.92% over the last quarter.

MXLGX – Great-West Large Cap Growth Fund Investor Class holds 4K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 6K shares, representing a decrease of 54.45%. The firm decreased its portfolio allocation in META by 54.99% over the last quarter.

Captrust Financial Advisors holds 382K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 505K shares, representing a decrease of 32.19%. The firm decreased its portfolio allocation in META by 41.93% over the last quarter.

Motley Fool Wealth Management holds 195K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 209K shares, representing a decrease of 6.95%. The firm decreased its portfolio allocation in META by 99.91% 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.

See all Meta Platforms Inc – regulatory filings.

This article originally appeared on Fintel

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