NBZ Investment Advisors LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 517 shares of the social networking company's stock, valued at approximately $303,000.
Other large investors have also bought and sold shares of the company. Vertex Planning Partners LLC increased its stake in Meta Platforms by 11.3% in the 4th quarter. Vertex Planning Partners LLC now owns 1,012 shares of the social networking company's stock valued at $593,000 after buying an additional 103 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Meta Platforms by 9.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 103,435 shares of the social networking company's stock valued at $60,562,000 after acquiring an additional 8,861 shares in the last quarter. Broadway Wealth Solutions Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $444,000. Boussard & Gavaudan Investment Management LLP bought a new stake in Meta Platforms during the fourth quarter worth $14,973,000. Finally, New Age Alpha Advisors LLC purchased a new position in Meta Platforms in the fourth quarter worth $19,835,000. 79.91% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Meta Platforms news, CTO Andrew Bosworth sold 5,060 shares of the company's stock in a transaction that occurred on 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 transaction, the chief technology officer now owns 5,139 shares in the company, valued at approximately $3,785,747.13. This represents a 49.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 4,706 shares of the stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the transaction, the chief operating officer now directly owns 20,935 shares of the company's stock, valued at $15,422,186.45. This represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 584,410 shares of company stock valued at $386,031,454 over the last quarter. 13.71% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on META. Pivotal Research lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Rosenblatt Securities restated a "buy" rating and set a $811.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. Susquehanna boosted their target price on shares of Meta Platforms from $675.00 to $800.00 and gave the company a "positive" rating in a research note on Thursday, January 30th. Cantor Fitzgerald raised their price target on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley lifted their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $718.55.
View Our Latest Stock Analysis on META
Meta Platforms Trading Down 0.2 %
Shares of META traded down $1.19 during mid-day trading on Monday, reaching $575.55. The company's stock had a trading volume of 13,962,282 shares, compared to its average volume of 14,238,629. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The stock has a market cap of $1.46 trillion, a PE ratio of 24.06, a P/E/G ratio of 1.42 and a beta of 1.23. The company's fifty day moving average price is $655.23 and its two-hundred day moving average price is $609.90. 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 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 return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the previous year, the firm posted $5.33 earnings per share. On average, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.525 per share. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.36%. Meta Platforms's dividend payout ratio is presently 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.
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