Burr Financial Services LLC Buys 3,739 Shares of Meta Platforms, Inc. (NASDAQ:META)

Burr Financial Services LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,855 shares of the social networking company's stock after purchasing an additional 3,739 shares during the period. Meta Platforms makes up about 7.5% of Burr Financial Services LLC's portfolio, making the stock its 5th biggest holding. Burr Financial Services LLC's holdings in Meta Platforms were worth $11,040,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock worth $5,447,975,000 after buying an additional 9,500,444 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company's stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the period. World Investment Advisors LLC raised its holdings in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company's stock worth $520,662,000 after purchasing an additional 890,434 shares during the last quarter. Geode Capital Management LLC lifted its position in Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Meta Platforms by 926.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company's stock valued at $369,774,000 after purchasing an additional 661,923 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $618.00, for a total transaction of $559,290.00. Following the completion of the sale, the insider now directly owns 30,200 shares in the company, valued at $18,663,600. This trade represents a 2.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 420 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $600.17, for a total transaction of $252,071.40. Following the completion of the transaction, the chief executive officer now owns 518,004 shares in the company, valued at approximately $310,890,460.68. This represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,016 shares of company stock valued at $346,031,180 over the last quarter. 13.71% of the stock is owned by insiders.

Meta Platforms Trading Up 1.7 %

Shares of META traded up $11.04 during midday trading on Friday, reaching $647.49. The company had a trading volume of 19,039,689 shares, compared to its average volume of 9,840,293. The firm has a 50 day simple moving average of $601.93 and a 200-day simple moving average of $560.51. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.63 trillion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a 1-year low of $385.66 and a 1-year high of $652.00.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The firm had revenue of $40.59 billion during the quarter, compared to analysts' expectations of $40.21 billion. Research analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.31%. Meta Platforms's payout ratio is 9.42%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank decreased their price objective on Meta Platforms from $585.00 to $583.00 and set a "sector perform" rating for the company in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on Meta Platforms from $675.00 to $715.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Roth Mkm lifted their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Susquehanna increased their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a "positive" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Meta Platforms from $660.00 to $725.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $654.20.

Meta Platforms 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.