Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,767 shares of the social networking company's stock after acquiring an additional 945 shares during the period. Meta Platforms accounts for about 1.4% of Jaffetilchin Investment Partners LLC's portfolio, making the stock its 18th biggest holding. Jaffetilchin Investment Partners LLC's holdings in Meta Platforms were worth $19,185,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Millstone Evans Group LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at about $40,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $41,000. WealthTrak Capital Management LLC bought a new position in Meta Platforms during the fourth quarter valued at approximately $43,000. Cordant Inc. purchased a new position in Meta Platforms during the 4th quarter valued at approximately $59,000. Finally, Conquis Financial LLC bought a new stake in Meta Platforms in the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on META. Oppenheimer raised their target price on shares of Meta Platforms from $650.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. DA Davidson dropped their price objective on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their target price on shares of Meta Platforms from $725.00 to $610.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird increased their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, KeyCorp reduced their price objective on Meta Platforms from $710.00 to $645.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Two 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $692.93.

Meta Platforms Stock Performance

NASDAQ META traded down $6.72 on Tuesday, hitting $524.76. 7,649,755 shares of the company's stock traded hands, compared to its average volume of 14,748,514. The firm has a market capitalization of $1.33 trillion, a PE ratio of 21.94, a P/E/G ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The firm's 50-day moving average price is $624.88 and its two-hundred day moving average price is $609.15. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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 quarter last year, the company posted $5.33 earnings per share. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, March 14th. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is currently 8.78%.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $618.00, for a total transaction of $255,234.00. Following the sale, the chief operating officer now owns 16,275 shares in the company, valued at approximately $10,057,950. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $543.39, for a total transaction of $500,462.19. Following the completion of the transaction, the insider now owns 29,340 shares of the company's stock, valued at approximately $15,943,062.60. This trade represents a 3.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 450,214 shares of company stock valued at $304,162,130 in the last 90 days. 13.71% of the stock is currently owned by company 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.