6,453 Shares in Meta Platforms, Inc. (NASDAQ:META) Bought by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,453 shares of the social networking company’s stock, valued at approximately $3,778,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in META. JDM Financial Group LLC acquired a new position in Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms during the third quarter worth approximately $36,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms during the fourth quarter worth approximately $41,000. Cordant Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter worth approximately $59,000. Finally, Reston Wealth Management LLC purchased a new position in Meta Platforms in the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $725.38 on Thursday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $727.10. The firm has a market capitalization of $1.84 trillion, a PE ratio of 30.33, a P/E/G ratio of 1.46 and a beta of 1.20. The business’s fifty day moving average price is $634.08 and its two-hundred day moving average price is $579.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the previous year, the business earned $5.33 earnings per share. On average, research analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current 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 dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.28%. Meta Platforms’s dividend payout ratio is currently 8.36%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird increased their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Pivotal Research increased their price objective on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JMP Securities restated a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Monness Crespi & Hardt raised their price target on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Mizuho lifted their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 18,644 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.55, for a total transaction of $10,320,386.20. Following the completion of the sale, the chief financial officer now directly owns 46,769 shares of the company’s stock, valued at $25,888,979.95. This trade represents a 28.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 19,668 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $721.69, for a total value of $14,194,198.92. The disclosure for this sale can be found here. Insiders sold 812,198 shares of company stock worth $515,102,208 in the last quarter. 13.71% of the stock is owned by company insiders.

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.