Monograph Wealth Advisors LLC Increases Holdings in Meta Platforms, Inc. (NASDAQ:META)

Monograph Wealth Advisors LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,111 shares of the social networking company’s stock after purchasing an additional 957 shares during the period. Meta Platforms accounts for about 0.9% of Monograph Wealth Advisors LLC’s holdings, making the stock its 19th largest holding. Monograph Wealth Advisors LLC’s holdings in Meta Platforms were worth $6,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its position in Meta Platforms by 5.8% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company’s stock valued at $2,939,000 after acquiring an additional 277 shares in the last quarter. Fjell Capital LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at approximately $1,836,000. Opulen Financial Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $325,000. Daner Wealth Management LLC purchased a new stake in Meta Platforms in the fourth quarter worth $334,000. Finally, Sara Bay Financial raised its holdings in Meta Platforms by 1.0% in the fourth quarter. Sara Bay Financial now owns 28,250 shares of the social networking company’s stock worth $16,703,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META opened at $637.10 on Wednesday. The company’s 50 day moving average is $572.72 and its 200 day moving average is $607.81. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.42 and a beta of 1.24. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, topping the consensus estimate of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The business had revenue of $42.31 billion for the quarter, compared to analysts’ expectations of $41.45 billion. During the same quarter last year, the company posted $4.71 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 608 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $488.18, for a total value of $296,813.44. Following the completion of the sale, the chief operating officer now owns 5,622 shares in the company, valued at $2,744,547.96. This represents a 9.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 3,523 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $701.10, for a total value of $2,469,975.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,169 shares of company stock valued at $50,927,926. 13.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush upped their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Moffett Nathanson upped their price objective on shares of Meta Platforms from $525.00 to $605.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Truist Financial lifted their target price on shares of Meta Platforms from $700.00 to $720.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Rosenblatt Securities upped their price target on Meta Platforms from $846.00 to $918.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Loop Capital raised their price objective on Meta Platforms from $695.00 to $888.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $701.05.

Meta Platforms 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.