Meta Platforms, Inc. (NASDAQ:META) Stock Position Raised by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,167 shares of the social networking company's stock after acquiring an additional 408 shares during the quarter. Meta Platforms accounts for about 0.5% of Moss Adams Wealth Advisors LLC's holdings, making the stock its 20th biggest position. Moss Adams Wealth Advisors LLC's holdings in Meta Platforms were worth $4,782,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of META. JDM Financial Group LLC purchased a new position in shares of Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms during the third quarter worth $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the fourth quarter worth $41,000. Halpern Financial Inc. acquired a new position in shares of Meta Platforms in the third quarter worth $46,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at $49,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Pivotal Research lifted their price objective on Meta Platforms from $780.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Roth Mkm lifted 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. JMP Securities upped their price objective on shares of Meta Platforms from $660.00 to $750.00 and gave the company a "market outperform" rating in a research note on Thursday, January 2nd. Robert W. Baird lifted their target price on shares of Meta Platforms from $605.00 to $630.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on Meta Platforms from $660.00 to $725.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $651.27.

Meta Platforms Stock Up 0.6 %

META traded up $3.69 during trading hours on Tuesday, reaching $616.46. 11,584,932 shares of the stock traded hands, compared to its average volume of 13,100,104. Meta Platforms, Inc. has a fifty-two week low of $381.16 and a fifty-two week high of $638.40. The company has a market cap of $1.56 trillion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The firm's fifty day simple moving average is $597.37 and its two-hundred day simple moving average is $557.77.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. As a group, analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms's dividend payout ratio (DPR) is currently 9.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total transaction of $21,838,890.37. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Susan J. Li sold 8,951 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares of the company's stock, valued at $29,776,261.56. This trade represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 495,269 shares of company stock valued at $300,888,396. 13.71% of the stock is currently owned by corporate insiders.

About Meta Platforms

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.