Oxinas Partners Wealth Management LLC Has $1.57 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Oxinas Partners Wealth Management LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,673 shares of the social networking company's stock after acquiring an additional 941 shares during the period. Oxinas Partners Wealth Management LLC's holdings in Meta Platforms were worth $1,565,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Octavia Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 0.6% during the fourth quarter. Octavia Wealth Advisors LLC now owns 4,653 shares of the social networking company's stock worth $2,724,000 after purchasing an additional 29 shares during the last quarter. Commons Capital LLC raised its holdings in Meta Platforms by 2.1% in the fourth quarter. Commons Capital LLC now owns 5,251 shares of the social networking company's stock valued at $3,075,000 after buying an additional 110 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of Meta Platforms by 9.8% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 11,200 shares of the social networking company's stock valued at $6,558,000 after acquiring an additional 1,000 shares in the last quarter. Howard Capital Management Group LLC lifted its stake in shares of Meta Platforms by 3.9% during the fourth quarter. Howard Capital Management Group LLC now owns 1,716 shares of the social networking company's stock worth $1,005,000 after purchasing an additional 64 shares in the last quarter. Finally, Roberts Wealth Advisors LLC boosted its holdings in Meta Platforms by 10.0% in the 4th quarter. Roberts Wealth Advisors LLC now owns 773 shares of the social networking company's stock worth $477,000 after acquiring an additional 70 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $580.10, for a total value of $524,990.50. Following the completion of the transaction, the insider now owns 31,482 shares in the company, valued at $18,262,708.20. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Aaron Anderson sold 731 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 568,016 shares of company stock valued at $346,031,180. 13.71% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META traded up $11.04 during trading on Friday, reaching $647.49. The company had a trading volume of 19,039,689 shares, compared to its average volume of 9,840,293. Meta Platforms, Inc. has a twelve month low of $385.66 and a twelve month high of $652.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market capitalization of $1.63 trillion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The firm's fifty day moving average is $601.93 and its 200 day moving average is $560.33.

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

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.31%. The ex-dividend date was Monday, December 16th. Meta Platforms's dividend payout ratio (DPR) is presently 9.42%.

Analyst Ratings Changes

META has been the subject of a number of recent analyst reports. Roth Mkm raised their price target on shares of Meta Platforms from $620.00 to $635.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their target price on Meta Platforms from $675.00 to $715.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Stifel Nicolaus increased their price target on Meta Platforms from $590.00 to $663.00 and gave the company a "buy" rating in a report on Monday, October 14th. Needham & Company LLC restated an "underperform" rating on shares of Meta Platforms in a report on Thursday, October 31st. Finally, BMO Capital Markets upped their target price on Meta Platforms from $525.00 to $530.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $654.20.

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.