Bryce Point Capital LLC Buys Shares of 866 Meta Platforms, Inc. (NASDAQ:META)

Bryce Point Capital LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 866 shares of the social networking company's stock, valued at approximately $507,000.

A number of other institutional investors also recently added to or reduced their stakes in META. Seelaus Asset Management LLC boosted its holdings in shares of Meta Platforms by 0.9% in the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock valued at $960,000 after buying an additional 15 shares in the last quarter. Meredith Wealth Planning boosted its stake in Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after acquiring an additional 15 shares in the last quarter. Maiden Cove Capital LLC grew its holdings in Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock worth $282,000 after purchasing an additional 15 shares during the last quarter. Stephens Consulting LLC grew its holdings in Meta Platforms by 5.3% in the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company's stock worth $186,000 after purchasing an additional 16 shares during the last quarter. Finally, VeraBank N.A. increased its position in shares of Meta Platforms by 0.8% during the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company's stock worth $1,144,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Susquehanna raised their price objective on Meta Platforms from $675.00 to $800.00 and gave the stock a "positive" rating in a research report on Thursday, January 30th. Scotiabank raised their price target on Meta Platforms from $583.00 to $627.00 and gave the stock a "sector perform" rating in a report on Thursday, January 30th. Tigress Financial restated a "strong-buy" rating on shares of Meta Platforms in a report on Tuesday, February 11th. Citigroup lifted their target price on shares of Meta Platforms from $753.00 to $780.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $770.00 price target (up previously from $700.00) on shares of Meta Platforms in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $718.55.

Insider Buying and Selling

In other news, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $612.10, for a total transaction of $252,797.30. Following the completion of the transaction, the chief operating officer now directly owns 17,101 shares of the company's stock, valued at approximately $10,467,522.10. This represents a 2.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the sale, the chief technology officer now owns 5,139 shares in the company, valued at approximately $3,785,747.13. This trade represents a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 549,113 shares of company stock valued at $364,668,246 over the last three months. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

NASDAQ:META traded down $26.89 during trading hours on Friday, reaching $504.73. 38,506,424 shares of the company's stock were exchanged, compared to its average volume of 14,428,284. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a 50-day moving average of $648.15 and a 200 day moving average of $609.75.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the company earned $5.33 EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is 8.78%.

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.