Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,703 shares of the social networking company's stock after buying an additional 690 shares during the quarter. Meta Platforms makes up about 0.7% of Bogart Wealth LLC's portfolio, making the stock its 26th biggest position. Bogart Wealth LLC's holdings in Meta Platforms were worth $14,464,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of META. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter worth $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the 4th quarter worth $41,000. Cordant Inc. acquired a new stake in shares of Meta Platforms in the 4th quarter worth $59,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter worth $61,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Down 1.1 %

Meta Platforms stock traded down $7.49 during midday trading on Friday, reaching $687.35. The company's stock had a trading volume of 9,296,446 shares, compared to its average volume of 15,553,415. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week 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 company has a market cap of $1.74 trillion, a P/E ratio of 28.69, a P/E/G ratio of 1.44 and a beta of 1.20. The business has a 50-day simple moving average of $645.83 and a 200-day simple moving average of $589.12.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $5.33 EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio (DPR) is currently 8.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on META. Citigroup raised their price objective on Meta Platforms from $753.00 to $780.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Sanford C. Bernstein lifted their price target on Meta Platforms from $600.00 to $675.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. BMO Capital Markets lifted their price target on Meta Platforms from $530.00 to $610.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. UBS Group lifted their price target on Meta Platforms from $736.00 to $786.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Arete Research raised Meta Platforms to a "hold" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $717.90.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the business's stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the transaction, the chief financial officer now directly owns 51,793 shares in the company, valued at approximately $38,154,349.31. The trade was a 14.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 19,668 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $703.21, for a total transaction of $13,830,734.28. The disclosure for this sale can be found here. Insiders have sold a total of 810,217 shares of company stock valued at $523,808,864 over the last quarter. 13.71% of the stock is currently owned by insiders.

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.