PFW Advisors LLC Purchases New Shares in Meta Platforms, Inc. (NASDAQ:META)

PFW Advisors LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,890 shares of the social networking company’s stock, valued at approximately $1,107,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JDM Financial Group LLC bought a new position in Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms in the 3rd quarter valued at about $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms during the 4th quarter worth approximately $41,000. Halpern Financial Inc. bought a new stake in shares of Meta Platforms during the third quarter worth approximately $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms during the third quarter worth approximately $49,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Down 1.2 %

NASDAQ:META opened at $608.33 on Tuesday. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The stock’s 50 day moving average price is $594.58 and its two-hundred day moving average price is $554.18.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Equities research analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.33%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.42%.

Analyst Upgrades and Downgrades

Several analysts have commented on META shares. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, October 31st. Roth Mkm lifted their price objective on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup increased their target price on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wolfe Research boosted their target price on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Pivotal Research increased their price target on shares of Meta Platforms from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $650.05.

Get Our Latest Stock Report on META

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 12,975 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $615.41, for a total value of $7,984,944.75. Following the completion of the sale, the chief executive officer now directly owns 381,290 shares of the company’s stock, valued at $234,649,678.90. This trade represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $631.55, for a total value of $571,552.75. Following the transaction, the insider now directly owns 32,010 shares in the company, valued at $20,215,915.50. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 423,427 shares of company stock worth $256,996,450. Company insiders own 13.71% of the company’s stock.

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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