Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Goodman Advisory Group LLC

Goodman Advisory Group LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,640 shares of the social networking company's stock after buying an additional 2,857 shares during the quarter. Meta Platforms makes up approximately 1.1% of Goodman Advisory Group LLC's investment portfolio, making the stock its 29th biggest holding. Goodman Advisory Group LLC's holdings in Meta Platforms were worth $3,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after purchasing an additional 1,502,553 shares during the last quarter. Geode Capital Management LLC raised its stake in Meta Platforms by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock valued at $28,719,970,000 after buying an additional 1,020,519 shares during the last quarter. Norges Bank acquired a new stake in Meta Platforms in the fourth quarter worth about $19,949,512,000. Charles Schwab Investment Management Inc. grew its stake in shares of Meta Platforms by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company's stock worth $8,344,552,000 after acquiring an additional 424,201 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Meta Platforms by 27.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company's stock valued at $5,211,967,000 after acquiring an additional 1,892,509 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on META shares. Truist Financial dropped their target price on shares of Meta Platforms from $770.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Scotiabank dropped their price objective on shares of Meta Platforms from $627.00 to $525.00 and set a "sector perform" rating on the stock in a report on Monday. Argus set a $775.00 price target on Meta Platforms in a research report on Tuesday, February 4th. Mizuho boosted their price target on Meta Platforms from $675.00 to $750.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, Pivotal Research lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $681.67.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 8,553 shares of the firm's stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction 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 $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 4,706 shares of the business's stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the sale, the chief operating officer now owns 20,935 shares in the company, valued at $15,422,186.45. This represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 378,583 shares of company stock valued at $259,991,992 over the last 90 days. 13.71% of the stock is owned by insiders.

Meta Platforms Trading Up 3.8 %

Shares of NASDAQ META traded up $18.28 during trading on Tuesday, hitting $502.94. 7,670,650 shares of the company were exchanged, compared to its average volume of 14,770,273. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The firm has a market capitalization of $1.27 trillion, a PE ratio of 21.14, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a fifty day moving average price of $603.33 and a 200-day moving average price of $606.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the prior year, the company posted $5.33 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms's dividend payout ratio (DPR) is presently 8.78%.

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.