Roxbury Financial LLC Takes Position in Meta Platforms, Inc. (NASDAQ:META)

Roxbury Financial LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 596 shares of the social networking company’s stock, valued at approximately $342,000.

Several other hedge funds have also modified their holdings of the stock. Lodestone Wealth Management LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $2,006,000. Members Trust Co grew its stake in shares of Meta Platforms by 8.9% during the fourth quarter. Members Trust Co now owns 589 shares of the social networking company’s stock valued at $345,000 after purchasing an additional 48 shares during the last quarter. Hickory Asset Management Inc. bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $1,996,000. Manchester Capital Management LLC grew its stake in shares of Meta Platforms by 1.3% during the fourth quarter. Manchester Capital Management LLC now owns 3,505 shares of the social networking company’s stock valued at $2,052,000 after purchasing an additional 45 shares during the last quarter. Finally, CapWealth Advisors LLC boosted its stake in Meta Platforms by 5.0% in the fourth quarter. CapWealth Advisors LLC now owns 781 shares of the social networking company’s stock valued at $457,000 after acquiring an additional 37 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the transaction, the chief technology officer now owns 5,139 shares of the company’s stock, valued at $3,785,747.13. This trade represents a 49.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $562.77, for a total transaction of $232,424.01. Following the completion of the transaction, the chief operating officer now directly owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This trade represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 810,217 shares of company stock worth $523,808,864. Insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Roth Mkm raised their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Susquehanna raised their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a research note on Thursday, January 30th. Scotiabank raised their price objective on shares of 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, Piper Sandler raised their price objective on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Two 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 MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $717.90.

Meta Platforms Stock Down 1.6 %

Shares of META stock opened at $683.62 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The firm’s fifty day moving average price is $647.09 and its two-hundred day moving average price is $590.57. The firm has a market capitalization of $1.73 trillion, a P/E ratio of 28.58, a PEG ratio of 1.44 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the company posted $5.33 EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal 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 0.31%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s payout ratio is presently 8.36%.

Meta Platforms Company 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.