Dougherty Wealth Advisers LLC Has $637,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

Dougherty Wealth Advisers LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,800 shares of the social networking company’s stock after selling 44 shares during the period. Meta Platforms accounts for about 0.6% of Dougherty Wealth Advisers LLC’s portfolio, making the stock its 19th biggest position. Dougherty Wealth Advisers LLC’s holdings in Meta Platforms were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fairfield Bush & CO. bought a new stake in shares of Meta Platforms in the first quarter valued at about $66,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Meta Platforms by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock valued at $499,020,000 after purchasing an additional 249,926 shares in the last quarter. Ergoteles LLC lifted its holdings in shares of Meta Platforms by 284.0% in the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock valued at $746,000 after purchasing an additional 2,482 shares in the last quarter. First Western Trust Bank bought a new stake in shares of Meta Platforms in the first quarter valued at about $813,000. Finally, Oxford Financial Group Ltd. lifted its holdings in shares of Meta Platforms by 26.9% in the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock valued at $420,000 after purchasing an additional 400 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on META. Jefferies Financial Group boosted their price target on Meta Platforms from $425.00 to $455.00 and gave the company a “buy” rating in a report on Monday, January 29th. Morgan Stanley boosted their price target on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Canaccord Genuity Group boosted their price target on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Oppenheimer upped their target price on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Raymond James upped their target price on Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $496.35.

Check Out Our Latest Report on META

Insider Buying and Selling

In related news, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares of the company’s stock, valued at $8,723,496.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 31,493 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $492.14, for a total value of $15,498,965.02. The disclosure for this sale can be found here. Insiders have sold 1,502,805 shares of company stock valued at $703,056,383 over the last 90 days. 14.03% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $497.37 on Wednesday. Meta Platforms, Inc. has a 12 month low of $207.13 and a 12 month high of $523.57. The stock’s 50 day moving average is $473.50 and its 200-day moving average is $381.00. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.25 and a beta of 1.20.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.

Meta Platforms Company Profile

(Free Report)

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

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