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

Monograph Wealth Advisors LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,111 shares of the social networking company’s stock after buying an additional 957 shares during the quarter. Meta Platforms comprises 0.9% of Monograph Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. Monograph Wealth Advisors LLC’s holdings in Meta Platforms were worth $6,505,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $40,000. WealthTrak Capital Management LLC purchased a new position in Meta Platforms during the fourth quarter valued at $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Meta Platforms in the 4th quarter valued at $45,000. Stuart Chaussee & Associates Inc. bought a new stake in Meta Platforms in the 4th quarter valued at $47,000. Finally, Conquis Financial LLC purchased a new stake in Meta Platforms in the 4th quarter worth $59,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META stock opened at $637.10 on Wednesday. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The business has a 50-day moving average price of $572.72 and a 200 day moving average price of $607.81. The company has a market capitalization of $1.60 trillion, a P/E ratio of 26.63, a PEG ratio of 1.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $41.45 billion. During the same quarter last year, the firm posted $4.71 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Pivotal Research cut their price objective on Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Rosenblatt Securities increased their price target on Meta Platforms from $846.00 to $918.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. DA Davidson reduced their price objective on Meta Platforms from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Guggenheim increased their target price on Meta Platforms from $675.00 to $725.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Mizuho raised their target price on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have assigned 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, the company has an average rating of “Moderate Buy” and an average price target of $701.05.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 6,874 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $4,532,440.64. Following the completion of the transaction, the chief financial officer now directly owns 70,040 shares in the company, valued at approximately $46,181,574.40. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $665.75, for a total transaction of $613,155.75. Following the completion of the sale, the insider now owns 34,866 shares in the company, valued at $23,212,039.50. This represents a 2.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,169 shares of company stock worth $50,927,926. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Company 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.