Hudson Value Partners LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 79.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,445 shares of the social networking company's stock after purchasing an additional 1,082 shares during the quarter. Hudson Value Partners LLC's holdings in Meta Platforms were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. JDM Financial Group LLC bought a new position in shares of Meta Platforms in the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the 3rd quarter worth approximately $36,000. Avondale Wealth Management purchased a new position in Meta Platforms in the 4th quarter worth approximately $41,000. Cordant Inc. bought a new position in shares of Meta Platforms in the 4th quarter worth $59,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter valued at $61,000. 79.91% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Scotiabank upped their target price on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. KeyCorp upped their price objective on Meta Platforms from $700.00 to $750.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Cantor Fitzgerald increased their price objective on Meta Platforms from $720.00 to $790.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their target price on Meta Platforms from $700.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, DA Davidson increased their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $719.26.
Check Out Our Latest Stock Report on Meta Platforms
Insider Activity
In related news, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total transaction of $21,838,890.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 5,060 shares of the company's stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 812,422 shares of company stock worth $525,534,818. Corporate insiders own 13.71% of the company's stock.
Meta Platforms Price Performance
META stock opened at $657.50 on Wednesday. The firm has a 50-day moving average of $648.73 and a 200 day moving average of $594.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market cap of $1.67 trillion, a P/E ratio of 27.49, a PEG ratio of 1.42 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company posted $5.33 earnings per share. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.32%. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio (DPR) is currently 8.78%.
Meta Platforms Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
