Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 942 shares of the social networking company’s stock after purchasing an additional 190 shares during the period. Coppell Advisory Solutions LLC’s holdings in Meta Platforms were worth $552,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Seelaus Asset Management LLC raised its holdings 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 worth $960,000 after acquiring an additional 15 shares during the last quarter. Meredith Wealth Planning boosted its position in shares of Meta Platforms by 0.8% during the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock valued at $1,097,000 after buying an additional 15 shares during the last quarter. Maiden Cove Capital LLC grew its holdings in Meta Platforms by 3.2% during the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock worth $282,000 after buying an additional 15 shares in the last quarter. Riverwater Partners LLC lifted its stake in Meta Platforms by 2.7% during the 4th quarter. Riverwater Partners LLC now owns 572 shares of the social networking company’s stock valued at $335,000 after acquiring an additional 15 shares in the last quarter. Finally, Stephens Consulting LLC boosted its holdings in Meta Platforms by 5.3% during the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after acquiring an additional 16 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on META. Citigroup dropped their target price on shares of Meta Platforms from $780.00 to $655.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Meta Platforms from $725.00 to $610.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Mizuho increased their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $676.55.

Meta Platforms Trading Up 4.1 %

Shares of META stock opened at $520.79 on Thursday. The stock has a 50 day simple moving average of $594.44 and a 200-day simple moving average of $605.11. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a market cap of $1.32 trillion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the company earned $5.33 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s payout ratio is currently 8.78%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the sale, the chief technology officer now owns 5,139 shares of the company’s stock, valued at $3,785,747.13. The trade was a 49.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 8,553 shares of the stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction 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 approximately $38,154,349.31. The trade was a 14.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 343,068 shares of company stock valued at $237,676,335 over the last ninety days. Insiders own 13.71% of the company’s stock.

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.