Meta Platforms, Inc. (NASDAQ:META) Holdings Increased by Intellectus Partners LLC

Intellectus Partners LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,487 shares of the social networking company’s stock after purchasing an additional 1,559 shares during the quarter. Meta Platforms comprises 2.4% of Intellectus Partners LLC’s investment portfolio, making the stock its 4th biggest position. Intellectus Partners LLC’s holdings in Meta Platforms were worth $8,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC increased its holdings in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares during the last quarter. PayPay Securities Corp increased its holdings in shares of Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares during the last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in shares of Meta Platforms in the 4th quarter worth $39,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the chief operating officer now directly owns 68,935 shares in the company, valued at $27,574,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Meta Platforms news, CEO Mark Zuckerberg sold 65,600 shares of Meta Platforms stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $400.50, for a total transaction of $26,272,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 6,500 shares of Meta Platforms stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the transaction, the chief operating officer now directly owns 68,935 shares in the company, valued at approximately $27,574,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,349,148 shares of company stock worth $649,552,559. 13.75% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of META stock traded up $1.91 during trading hours on Friday, reaching $443.29. The company had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The business has a fifty day moving average price of $494.48 and a 200-day moving average price of $404.85. Meta Platforms, Inc. has a one year low of $229.85 and a one year high of $531.49. The firm has a market cap of $1.13 trillion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.68.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Sell-side analysts predict that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Wall Street Analysts Forecast Growth

META has been the topic of several recent research reports. Jefferies Financial Group reduced their target price on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a report on Thursday. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a report on Thursday. Wolfe Research reduced their target price on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday. Tigress Financial increased their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Finally, Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $509.18.

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.