Quattro Financial Advisors LLC Acquires New Stake in Meta Platforms, Inc. (NASDAQ:META)

Quattro Financial Advisors LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,500 shares of the social networking company’s stock, valued at approximately $4,716,000. Meta Platforms comprises 1.2% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. AMF Tjanstepension AB raised its holdings in Meta Platforms by 32.5% during the 3rd quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock valued at $261,680,000 after acquiring an additional 112,047 shares during the period. Creative Planning raised its holdings in Meta Platforms by 2.1% during the 3rd quarter. Creative Planning now owns 716,847 shares of the social networking company’s stock valued at $410,352,000 after acquiring an additional 14,754 shares during the period. Stillwater Capital Advisors LLC bought a new stake in Meta Platforms during the 3rd quarter valued at $423,000. Roberts Wealth Advisors LLC raised its holdings in Meta Platforms by 15.2% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 703 shares of the social networking company’s stock valued at $417,000 after acquiring an additional 93 shares during the period. Finally, Safeguard Financial LLC raised its holdings in Meta Platforms by 51.9% during the 3rd quarter. Safeguard Financial LLC now owns 673 shares of the social networking company’s stock valued at $385,000 after acquiring an additional 230 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on META. Wolfe Research upped their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Pivotal Research upped their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Morgan Stanley increased their target price on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Scotiabank increased their target price on Meta Platforms from $583.00 to $627.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Finally, Raymond James restated a “strong-buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $717.90.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $728.56 on Friday. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $729.00. The company has a 50 day simple moving average of $636.47 and a two-hundred day simple moving average of $580.80. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 1.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the prior year, the business earned $5.33 earnings per share. Analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is currently 8.36%.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 55,589 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $717.72, for a total transaction of $39,897,337.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the sale, the insider now directly owns 38,695 shares of the company’s stock, valued at $21,416,908.60. This trade represents a 15.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 793,070 shares of company stock valued at $504,185,108. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Profile

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.