HBW Advisory Services LLC Purchases 3,932 Shares of Meta Platforms, Inc. (NASDAQ:META)

HBW Advisory Services LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 60.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,395 shares of the social networking company's stock after acquiring an additional 3,932 shares during the period. Meta Platforms comprises approximately 0.9% of HBW Advisory Services LLC's portfolio, making the stock its 28th largest position. HBW Advisory Services LLC's holdings in Meta Platforms were worth $6,087,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 3.4% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 962 shares of the social networking company's stock worth $563,000 after acquiring an additional 32 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in Meta Platforms by 12.9% in the 4th quarter. LVM Capital Management Ltd. MI now owns 796 shares of the social networking company's stock worth $466,000 after purchasing an additional 91 shares during the period. Hilltop National Bank lifted its stake in Meta Platforms by 15.8% in the fourth quarter. Hilltop National Bank now owns 4,178 shares of the social networking company's stock worth $2,446,000 after purchasing an additional 571 shares during the last quarter. Avondale Wealth Management purchased a new stake in Meta Platforms during the fourth quarter valued at about $41,000. Finally, ORG Partners LLC grew its stake in shares of Meta Platforms by 7.4% during the fourth quarter. ORG Partners LLC now owns 2,881 shares of the social networking company's stock valued at $1,687,000 after buying an additional 198 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 0.8 %

Shares of NASDAQ META traded up $5.14 during midday trading on Friday, hitting $615.86. The stock had a trading volume of 19,223,919 shares, compared to its average volume of 13,343,199. The business's 50 day moving average is $593.63 and its 200-day moving average is $552.97. Meta Platforms, Inc. has a 52 week low of $358.61 and a 52 week high of $638.40. 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 company has a market cap of $1.55 trillion, a P/E ratio of 29.01, a PEG ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts' consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, analysts predict that Meta Platforms, Inc. will post 22.68 EPS for the current 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 issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.32%. Meta Platforms's payout ratio is 9.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated an "overweight" rating and set a $670.00 target price on shares of Meta Platforms in a report on Wednesday, October 16th. KeyCorp increased their price objective on Meta Platforms from $655.00 to $700.00 and gave the company an "overweight" rating in a research note on Friday. Needham & Company LLC reaffirmed an "underperform" rating on shares of Meta Platforms in a research note on Thursday, October 31st. Hsbc Global Res raised shares of Meta Platforms to a "hold" rating in a research report on Thursday, October 24th. Finally, Roth Mkm raised their price target on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Two 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 given a strong buy rating to the company. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and a consensus price target of $646.90.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $589.97, for a total value of $533,922.85. Following the transaction, the insider now owns 33,292 shares of the company's stock, valued at approximately $19,641,281.24. This represents a 2.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the sale, the insider now owns 38,695 shares of the company's stock, valued at approximately $21,416,908.60. This represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 411,441 shares of company stock valued at $249,595,828. 13.71% of the stock is owned by insiders.

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.