Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Lifted by Welch Group LLC

Welch Group LLC lifted its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,501 shares of the social networking company’s stock after acquiring an additional 643 shares during the period. Welch Group LLC’s holdings in Meta Platforms were worth $885,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Stone House Investment Management LLC grew its position in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in Meta Platforms during the fourth quarter valued at approximately $26,000. Stephens Investment Management Group LLC purchased a new position in Meta Platforms during the second quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC grew its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Finally, PayPay Securities Corp grew its position in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $505.29, for a total transaction of $295,594.65. Following the sale, the insider now owns 39,568 shares of the company’s stock, valued at approximately $19,993,314.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the sale, the chief operating officer now owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $505.29, for a total transaction of $295,594.65. Following the sale, the insider now directly owns 39,568 shares in the company, valued at approximately $19,993,314.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,502,805 shares of company stock valued at $703,056,383. 14.03% of the stock is owned by insiders.

Meta Platforms Stock Up 1.2 %

META opened at $497.37 on Wednesday. The firm’s 50-day simple moving average is $473.50 and its 200-day simple moving average is $381.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a twelve month low of $207.13 and a twelve month high of $523.57. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.26 and a beta of 1.20.

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

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

Wall Street Analyst Weigh In

META has been the topic of a number of research analyst reports. Wolfe Research boosted their price objective on shares of Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Raymond James boosted their target price on shares of Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their target price on shares of Meta Platforms from $405.00 to $527.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.35.

View Our Latest Analysis on META

About Meta Platforms

(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.

Further Reading

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

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