Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Vienna Asset Management LLC

Vienna Asset Management LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,621 shares of the social networking company's stock after buying an additional 498 shares during the quarter. Meta Platforms accounts for 2.2% of Vienna Asset Management LLC's portfolio, making the stock its 17th largest position. Vienna Asset Management LLC's holdings in Meta Platforms were worth $3,291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in Meta Platforms in the fourth quarter worth approximately $40,000. WealthTrak Capital Management LLC purchased a new stake in Meta Platforms in the fourth quarter worth approximately $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Meta Platforms in the fourth quarter worth approximately $45,000. Stuart Chaussee & Associates Inc. purchased a new stake in Meta Platforms in the fourth quarter worth approximately $47,000. Finally, Conquis Financial LLC purchased a new stake in Meta Platforms in the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 0.5%

Shares of META stock traded down $3.33 during trading hours on Tuesday, reaching $637.10. 6,716,460 shares of the stock were exchanged, compared to its average volume of 14,506,492. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91. 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's 50-day moving average price is $572.72 and its 200-day moving average price is $607.81. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 firm had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same quarter in the prior year, the company earned $4.71 EPS. The company's revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on META shares. Morgan Stanley raised 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. Royal Bank of Canada restated an "outperform" rating and issued a $740.00 target price on shares of Meta Platforms in a report on Thursday, May 1st. Barclays decreased their price target on shares of Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Evercore ISI increased their price target on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Benchmark decreased their price target on shares of Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $701.05.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 406 shares of the business'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 in the company, valued at $2,265,707.52. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 5,057 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $3,334,383.52. Following the transaction, the chief technology officer now owns 16,463 shares of the company's stock, valued at approximately $10,855,043.68. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,837 shares of company stock valued at $64,758,661. Company 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.