Meta Platforms, Inc. $META Shares Purchased by National Wealth Management Group LLC

National Wealth Management Group LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 25.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,931 shares of the social networking company’s stock after buying an additional 1,584 shares during the quarter. Meta Platforms makes up about 2.2% of National Wealth Management Group LLC’s holdings, making the stock its 7th biggest position. National Wealth Management Group LLC’s holdings in Meta Platforms were worth $5,825,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of META. Brighton Jones LLC boosted its stake in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd boosted its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Meta Platforms in the 2nd quarter worth approximately $213,000. Finally, Brown Shipley& Co Ltd raised its holdings in Meta Platforms by 2.1% in the 2nd quarter. Brown Shipley& Co Ltd now owns 5,660 shares of the social networking company’s stock valued at $4,178,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $714.60, for a total transaction of $369,448.20. Following the transaction, the chief operating officer directly owned 9,615 shares of the company’s stock, valued at approximately $6,870,879. The trade was a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 580 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $618.28, for a total transaction of $358,602.40. Following the sale, the director directly owned 5,587 shares of the company’s stock, valued at approximately $3,454,330.36. The trade was a 9.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 39,594 shares of company stock worth $24,325,407. 13.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on META shares. Rothschild & Co Redburn upgraded Meta Platforms from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $740.00 to $900.00 in a report on Monday, January 26th. BNP Paribas Exane initiated coverage on Meta Platforms in a research note on Monday, November 24th. They issued an “outperform” rating and a $800.00 price target on the stock. DA Davidson upped their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $808.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, KeyCorp lowered their target price on shares of Meta Platforms from $875.00 to $835.00 and set an “overweight” rating for the company in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $848.50.

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Meta Platforms Trading Down 3.3%

Shares of META stock opened at $668.99 on Thursday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm’s 50 day moving average price is $655.74 and its two-hundred day moving average price is $695.72. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 1.18 and a beta of 1.28. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating the consensus estimate of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. During the same quarter in the previous year, the business posted $8.02 EPS. The business’s quarterly revenue was up 23.8% on a year-over-year basis. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.94%.

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Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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