Mpwm Advisory Solutions LLC Takes $717,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Mpwm Advisory Solutions LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,225 shares of the social networking company's stock, valued at approximately $717,000. Meta Platforms accounts for 0.5% of Mpwm Advisory Solutions LLC's portfolio, making the stock its 29th largest holding.

Other large investors have also recently bought and sold shares of the company. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its stake in Meta Platforms by 197.9% in the fourth quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 43,759 shares of the social networking company's stock valued at $25,621,000 after buying an additional 29,070 shares during the period. Lantern Wealth Advisors LLC grew its stake in Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after purchasing an additional 14 shares in the last quarter. Delta Investment Management LLC grew its stake in Meta Platforms by 23.2% in the fourth quarter. Delta Investment Management LLC now owns 2,637 shares of the social networking company's stock valued at $1,544,000 after purchasing an additional 496 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Meta Platforms by 2.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock worth $7,030,399,000 after purchasing an additional 280,357 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Meta Platforms by 88.7% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 673,029 shares of the social networking company's stock worth $394,065,000 after buying an additional 316,392 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. 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 report on Thursday, May 1st. Tigress Financial reissued a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Moffett Nathanson upped their price objective on Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley upped their target price on shares of Meta Platforms from $615.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Mizuho raised their price objective on shares of Meta Platforms from $675.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $701.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,668 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $703.21, for a total value of $13,830,734.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Javier Olivan sold 608 shares of Meta Platforms 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 sale, the chief operating officer now owns 5,622 shares in the company, valued at $2,744,547.96. This trade represents a 9.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,837 shares of company stock worth $64,758,661 over the last three months. Insiders own 13.71% of the company's stock.

Meta Platforms Stock Up 0.0%

Shares of Meta Platforms stock opened at $640.43 on Tuesday. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The company has a 50 day moving average of $571.79 and a 200 day moving average of $607.61. The company has a market capitalization of $1.61 trillion, a P/E ratio of 26.77, a P/E/G ratio of 1.42 and a beta of 1.24. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.