442 Shares in Meta Platforms, Inc. (NASDAQ:META) Bought by von Borstel & Associates Inc.

von Borstel & Associates Inc. acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 442 shares of the social networking company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of META. JDM Financial Group LLC purchased a new position in Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms in the third quarter worth approximately $36,000. Millstone Evans Group LLC purchased a new position in shares of Meta Platforms in the fourth quarter worth $40,000. Avondale Wealth Management bought a new stake in Meta Platforms during the 4th quarter valued at $41,000. Finally, Cordant Inc. purchased a new stake in Meta Platforms during the 4th quarter valued at $59,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of a number of analyst reports. Argus set a $775.00 price objective on shares of Meta Platforms in a research report on Tuesday, February 4th. BMO Capital Markets upped their price target on Meta Platforms from $530.00 to $610.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. JMP Securities reiterated a "market outperform" rating and issued a $750.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. KeyCorp reduced their target price on Meta Platforms from $750.00 to $710.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Finally, Robert W. Baird raised their price target on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $718.31.

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Meta Platforms Stock Performance

META traded down $8.40 during mid-day trading on Thursday, reaching $602.58. 10,412,777 shares of the company traded hands, compared to its average volume of 13,822,863. The company's fifty day moving average price is $656.12 and its 200-day moving average price is $608.02. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 25.19, a P/E/G ratio of 1.42 and a beta of 1.23. 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 posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts' consensus estimates 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 earned $5.33 earnings per share. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is 8.78%.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $591.76, for a total transaction of $535,542.80. Following the transaction, the insider now owns 32,915 shares in the company, valued at $19,477,780.40. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 8,553 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer now owns 51,793 shares of the company's stock, valued at $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,213 shares of company stock valued at $387,084,349. 13.71% of the stock is owned by insiders.

Meta Platforms Company 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.