Garde Capital Inc. Purchases 749 Shares of Meta Platforms, Inc. (NASDAQ:META)

Garde Capital Inc. raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,320 shares of the social networking company's stock after acquiring an additional 749 shares during the period. Garde Capital Inc.'s holdings in Meta Platforms were worth $3,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of META. Fjell Capital LLC acquired a new stake in Meta Platforms during the 4th quarter valued at $1,836,000. Opulen Financial Group LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth approximately $325,000. Daner Wealth Management LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at $334,000. Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in shares of Meta Platforms by 9.8% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 11,200 shares of the social networking company's stock valued at $6,558,000 after buying an additional 1,000 shares during the last quarter. Finally, Commons Capital LLC increased its position in Meta Platforms by 2.1% in the 4th quarter. Commons Capital LLC now owns 5,251 shares of the social networking company's stock valued at $3,075,000 after acquiring an additional 110 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In related news, COO Javier Olivan sold 406 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $491.69, for a total transaction of $199,626.14. Following the completion of the transaction, the chief operating officer now owns 4,608 shares of the company's stock, valued at approximately $2,265,707.52. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $644.00, for a total value of $593,124.00. Following the completion of the transaction, the insider now owns 33,945 shares of the company's stock, valued at $21,860,580. The trade was a 2.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,628 shares of company stock worth $34,826,386. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Up 0.3%

NASDAQ:META traded up $2.05 on Thursday, hitting $645.63. 5,399,014 shares of the stock were exchanged, compared to its average volume of 14,434,981. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week high of $740.91. The stock has a market cap of $1.62 trillion, a PE ratio of 26.94, a PEG ratio of 1.42 and a beta of 1.24. The stock has a fifty day moving average of $577.74 and a 200-day moving average of $610.01.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same period 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 analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Meta Platforms from $610.00 to $675.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. The Goldman Sachs Group raised their price target on shares of Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Citigroup boosted their target price on shares of Meta Platforms from $655.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Susquehanna decreased their price objective on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. One equities 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $701.05.

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.