RMR Wealth Builders Has $3.65 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

RMR Wealth Builders increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,319 shares of the social networking company’s stock after purchasing an additional 564 shares during the period. Meta Platforms makes up approximately 0.5% of RMR Wealth Builders’ holdings, making the stock its 27th largest position. RMR Wealth Builders’ holdings in Meta Platforms were worth $3,653,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in META. Daiwa Securities Group Inc. raised its holdings in Meta Platforms by 7.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after acquiring an additional 32,423 shares in the last quarter. Bank of Stockton grew its stake in shares of Meta Platforms by 9.2% in the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after purchasing an additional 400 shares during the period. Signify Wealth bought a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $228,000. Illinois Municipal Retirement Fund grew its stake in shares of Meta Platforms by 1.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after purchasing an additional 4,025 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its stake in shares of Meta Platforms by 1.5% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $470.62 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. Meta Platforms, Inc. has a fifty-two week low of $230.72 and a fifty-two week high of $531.49. The stock has a market cap of $1.19 trillion, a PE ratio of 27.15, a PEG ratio of 1.18 and a beta of 1.21. The firm’s fifty day moving average price is $489.80 and its two-hundred day moving average price is $412.20.

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

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the sale, the chief operating officer now owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $469.88, for a total transaction of $274,879.80. Following the transaction, the insider now owns 42,493 shares in the company, valued at $19,966,610.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now owns 79,944 shares in the company, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,223,416 shares of company stock valued at $597,392,856 over the last 90 days. 13.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America increased their price target on Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley increased their price target on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt raised their price objective on Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity Group lifted their price target on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group dropped their price target on Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $509.80.

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.