596 Shares in Meta Platforms, Inc. (NASDAQ:META) Purchased by Roxbury Financial LLC

Roxbury Financial LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 596 shares of the social networking company's stock, valued at approximately $342,000.

A number of other institutional investors have also made changes to their positions in the business. Seelaus Asset Management LLC grew its stake in shares of Meta Platforms by 0.9% in the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock valued at $960,000 after purchasing an additional 15 shares during the period. Stephens Consulting LLC grew its stake in shares of 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 purchasing an additional 16 shares during the period. Lindenwold Advisors INC grew its stake in shares of 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 purchasing an additional 17 shares during the period. Insight Wealth Strategies LLC grew its stake in shares of 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 purchasing an additional 17 shares during the period. Finally, Steigerwald Gordon & Koch Inc. boosted its holdings in shares of 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 worth $1,569,000 after acquiring an additional 17 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 1.6 %

Shares of META traded down $11.22 during trading hours on Friday, reaching $683.62. The stock had a trading volume of 15,609,265 shares, compared to its average volume of 17,022,064. The firm has a 50-day moving average of $647.09 and a 200 day moving average of $590.57. The company has a market cap of $1.73 trillion, a P/E ratio of 28.58, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) 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 period in the prior year, the business posted $5.33 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid 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 0.31%. Meta Platforms's dividend payout ratio (DPR) is currently 8.36%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on META. Bank of America boosted their target price on Meta Platforms from $710.00 to $765.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Raymond James reissued a "strong-buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Tigress Financial reissued a "strong-buy" rating on shares of Meta Platforms in a report on Tuesday, February 11th. Finally, Susquehanna boosted their target price on Meta Platforms from $675.00 to $800.00 and gave the stock a "positive" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $719.26.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 8,553 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the sale, the chief financial officer now owns 51,793 shares of the company's stock, valued at approximately $38,154,349.31. The trade was a 14.17 % 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, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the sale, the chief technology officer now directly owns 5,139 shares in the company, valued at approximately $3,785,747.13. This represents a 49.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 810,217 shares of company stock valued at $523,808,864 in the last 90 days. 13.71% of the stock is currently owned by company 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.