By otakuyassine3@gmail.com 
TFG Advisers LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,436 shares of the social networking company’s stock after purchasing an additional 38 shares during the quarter. TFG Advisers LLC’s holdings in Meta Platforms were worth $841,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms during the fourth quarter worth $41,000. Cordant Inc. acquired a new stake in shares of Meta Platforms during the fourth quarter worth $59,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Price Performance
Meta Platforms stock opened at $728.56 on Friday. The stock’s 50 day moving average is $636.47 and its 200 day moving average is $580.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $1.85 trillion, a P/E ratio of 30.46, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $729.00.
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, topping 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 period last year, the company earned $5.33 EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current year.
Meta Platforms Increases Dividend
The firm 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 a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.29%. Meta Platforms’s payout ratio is 8.36%.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CTO Andrew Bosworth sold 14,746 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.53, for a total value of $8,162,353.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 18,644 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.55, for a total value of $10,320,386.20. Following the transaction, the chief financial officer now directly owns 46,769 shares in the company, valued at $25,888,979.95. The trade was a 28.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 793,070 shares of company stock valued at $504,185,108. 13.71% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on META. Arete Research raised Meta Platforms to a “hold” rating in a report on Friday, January 24th. Raymond James restated a “strong-buy” rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. JMP Securities restated a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. UBS Group raised their price target on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Wedbush restated an “outperform” rating and issued a $770.00 price target (up previously from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.
Check Out Our Latest Research Report on META
About Meta Platforms
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.
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