Monograph Wealth Advisors LLC Acquires 957 Shares of Meta Platforms, Inc. (NASDAQ:META)

Monograph Wealth Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,111 shares of the social networking company's stock after buying an additional 957 shares during the quarter. Meta Platforms accounts for 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 filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Meta Platforms by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock worth $111,948,344,000 after purchasing an additional 1,502,553 shares during the period. Geode Capital Management LLC lifted its stake in Meta Platforms by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock worth $28,719,970,000 after purchasing an additional 1,020,519 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Meta Platforms by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after purchasing an additional 1,049,121 shares in the last quarter. Capital World Investors grew its stake in shares of Meta Platforms by 2.9% in the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock valued at $23,606,338,000 after purchasing an additional 1,141,355 shares during the period. Finally, Norges Bank acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $19,949,512,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $665.75, for a total value of $613,155.75. Following the transaction, the insider now owns 34,866 shares of the company's stock, valued at approximately $23,212,039.50. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 406 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were 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 $2,265,707.52. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,157 shares of company stock worth $49,411,000 in the last 90 days. Corporate insiders own 13.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on META shares. Benchmark decreased their price target on Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. DA Davidson reduced their target price on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Mizuho upped their target price on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. UBS Group increased their target price on shares of Meta Platforms from $650.00 to $683.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average target price of $701.05.

Meta Platforms Trading Down 1.5%

META traded down $9.51 during mid-day trading on Friday, hitting $627.06. The stock had a trading volume of 8,442,469 shares, compared to its average volume of 14,494,704. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The firm has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth 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. The stock's fifty day simple moving average is $574.80 and its 200-day simple moving average is $609.16.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The firm had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same period in the previous year, the firm earned $4.71 earnings per share. The company's revenue was up 16.1% on a year-over-year basis. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

About Meta Platforms

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.