24,500 Shares in Meta Platforms, Inc. (NASDAQ:META) Bought by Monolith Management Ltd

Monolith Management Ltd bought a new position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,500 shares of the social networking company’s stock, valued at approximately $8,672,000. Meta Platforms accounts for about 4.5% of Monolith Management Ltd’s portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of META. FMR LLC increased its holdings in Meta Platforms by 4.0% in the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after buying an additional 5,001,647 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Meta Platforms by 11,154.4% in the 4th quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock worth $1,752,900,000 after purchasing an additional 4,908,251 shares during the last quarter. Concentrum Wealth Management grew its holdings in shares of Meta Platforms by 111.0% in the 4th quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company’s stock worth $2,616,000 after purchasing an additional 3,888,308 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Meta Platforms by 55.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after purchasing an additional 3,093,715 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Meta Platforms by 1,457.5% in the 4th quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock worth $1,117,225,000 after purchasing an additional 2,953,704 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $466.08, for a total transaction of $45,253,105.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Javier Olivan sold 7,556 shares of Meta Platforms stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,576,103.68. Following the completion of the sale, the chief operating officer now owns 77,569 shares of the company’s stock, valued at $36,711,856.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $466.08, for a total value of $45,253,105.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,058,103 shares of company stock valued at $519,622,135. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Up 0.9 %

Shares of NASDAQ META traded up $4.44 during trading hours on Wednesday, hitting $476.29. The company had a trading volume of 5,326,784 shares, compared to its average volume of 17,792,258. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.22 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1-year low of $235.52 and a 1-year high of $531.49. The firm’s 50 day moving average is $488.01 and its 200-day moving average is $417.78.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, analysts expect that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

META has been the topic of several analyst reports. TD Cowen lowered their target price on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Citigroup reduced their price target on shares of Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Loop Capital reduced their price target on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $550.00 price target on shares of Meta Platforms in a research report on Monday, April 22nd. Finally, Mizuho upped their price target on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $509.80.

View Our Latest Analysis on META

Meta Platforms Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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