Ameliora Wealth Management Ltd. lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 219.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,549 shares of the social networking company's stock after acquiring an additional 1,064 shares during the quarter. Ameliora Wealth Management Ltd.'s holdings in Meta Platforms were worth $907,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Stephens Consulting LLC boosted its position in Meta Platforms by 5.3% in the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company's stock valued at $186,000 after buying an additional 16 shares during the period. Lindenwold Advisors INC boosted its position in Meta Platforms by 0.3% in the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company's stock valued at $3,388,000 after buying an additional 17 shares during the period. Insight Wealth Strategies LLC boosted its position in Meta Platforms by 1.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company's stock valued at $625,000 after buying an additional 17 shares during the period. Steigerwald Gordon & Koch Inc. boosted its position in Meta Platforms by 0.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company's stock valued at $1,569,000 after buying an additional 17 shares during the period. Finally, Alliance Wealth Advisors LLC boosted its position in Meta Platforms by 0.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company's stock valued at $1,595,000 after buying an additional 18 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.
Meta Platforms Stock Performance
Shares of NASDAQ:META traded up $8.11 during midday trading on Friday, hitting $736.67. The stock had a trading volume of 16,880,644 shares, compared to its average volume of 16,161,075. The company has a market capitalization of $1.87 trillion, a PE ratio of 30.80, a P/E/G ratio of 1.46 and a beta of 1.20. The stock has a 50 day moving average price of $638.73 and a two-hundred day moving average price of $584.28. 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, 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 issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $5.33 EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.
Meta Platforms Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.525 dividend. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. Meta Platforms's payout ratio is presently 8.36%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Mizuho raised their price target on shares of Meta Platforms from $675.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Truist Financial raised their price target on shares of Meta Platforms from $700.00 to $770.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Citigroup raised their price objective on shares of Meta Platforms from $753.00 to $780.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Susquehanna raised their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the company a "positive" rating in a report on Thursday, January 30th. Finally, Tigress Financial raised their price objective on shares of Meta Platforms from $645.00 to $935.00 and gave the company a "strong-buy" rating in a report on Tuesday, February 11th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $717.90.
Read Our Latest Research Report on META
Insider Activity
In other Meta Platforms news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $562.77, for a total transaction of $232,424.01. Following the completion of the transaction, the chief operating officer now owns 19,579 shares in the company, valued at approximately $11,018,473.83. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 14,746 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.53, for a total transaction of $8,162,353.38. The disclosure for this sale can be found here. Insiders have sold a total of 793,070 shares of company stock valued at $504,185,108 over the last quarter. Corporate insiders own 13.71% of the company's stock.
Meta Platforms Profile
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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.
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