MGO One Seven LLC Raises Stock Position in Meta Platforms, Inc. $META

MGO One Seven LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 54,356 shares of the social networking company’s stock after buying an additional 1,502 shares during the quarter. Meta Platforms makes up approximately 0.7% of MGO One Seven LLC’s portfolio, making the stock its 20th biggest position. MGO One Seven LLC’s holdings in Meta Platforms were worth $35,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms during the 3rd quarter valued at $26,000. Key Capital Management INC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $48,000. Fairway Wealth LLC boosted its holdings in shares of Meta Platforms by 36.8% during the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after buying an additional 21 shares in the last quarter. Dorato Capital Management bought a new stake in shares of Meta Platforms during the 4th quarter valued at $62,000. Finally, PMV Capital Advisers LLC boosted its holdings in shares of Meta Platforms by 26.3% during the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock valued at $63,000 after buying an additional 20 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $614.23 on Monday. The stock has a market cap of $1.55 trillion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.08 and a beta of 1.25. The firm’s 50-day moving average is $622.18 and its 200 day moving average is $639.94. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.43 EPS. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on META shares. Wedbush boosted their target price on shares of Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Scotiabank boosted their target price on shares of Meta Platforms from $685.00 to $700.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Wolfe Research dropped their target price on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Jefferies Financial Group boosted their target price on shares of Meta Platforms from $910.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Tigress Financial boosted their target price on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $840.31.

Check Out Our Latest Stock Analysis on Meta Platforms

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Insider Buying and Selling

In related news, COO Javier Olivan sold 2,778 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares in the company, valued at $6,645,103.65. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $644.70, for a total transaction of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,352 shares of company stock worth $102,559,436 in the last quarter. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Read More

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.