One Day In July LLC Takes $205,000 Position in Meta Platforms, Inc. (NASDAQ:META)

One Day In July LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 578 shares of the social networking company’s stock, valued at approximately $205,000.

Several other institutional investors have also added to or reduced their stakes in META. Stone House Investment Management LLC raised its stake in shares of Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. PayPay Securities Corp grew its stake in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after purchasing an additional 43 shares during the period. Cranbrook Wealth Management LLC grew its position in shares of Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares during the period. Finally, Gilfoyle & Co LLC bought a new stake in shares of Meta Platforms in the 4th quarter valued at $39,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

Shares of META stock opened at $439.19 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $1.12 trillion, a P/E ratio of 25.23, a P/E/G ratio of 1.12 and a beta of 1.21. The business’s 50 day moving average price is $492.83 and its 200-day moving average price is $406.97. Meta Platforms, Inc. has a fifty-two week low of $229.85 and a fifty-two week high of $531.49.

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

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $441.54, for a total value of $216,354.60. Following the completion of the transaction, the chief operating officer now owns 6,599 shares in the company, valued at $2,913,722.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Javier Olivan sold 490 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $441.54, for a total value of $216,354.60. Following the sale, the chief operating officer now directly owns 6,599 shares of the company’s stock, valued at $2,913,722.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total value of $287,381.25. Following the transaction, the insider now owns 37,228 shares of the company’s stock, valued at $18,288,255. The disclosure for this sale can be found here. Insiders sold a total of 1,257,291 shares of company stock valued at $612,916,087 over the last three months. Corporate insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on META. Robert W. Baird decreased their price objective on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Citigroup dropped 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. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a report on Thursday, April 25th. Piper Sandler restated an “overweight” rating and issued a $545.00 price objective (down previously from $600.00) on shares of Meta Platforms in a research note on Thursday, April 25th. Finally, Stifel Nicolaus boosted their price target on shares of Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $509.80.

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.