Omnia Family Wealth LLC Has $994,000 Stake in Meta Platforms, Inc. (NASDAQ:META)

Omnia Family Wealth LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,807 shares of the social networking company’s stock after buying an additional 445 shares during the quarter. Meta Platforms comprises approximately 0.5% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. Omnia Family Wealth LLC’s holdings in Meta Platforms were worth $994,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of META. Stone House Investment Management LLC lifted its position in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Gilfoyle & Co LLC acquired a new position in Meta Platforms during the fourth quarter worth $39,000. Cranbrook Wealth Management LLC increased its holdings in Meta Platforms by 80.4% during the fourth 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. Beaird Harris Wealth Management LLC increased its holdings in Meta Platforms by 68.9% during the third 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. Finally, PayPay Securities Corp increased its holdings in Meta Platforms by 65.2% during the third 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. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on META shares. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a report on Thursday. Susquehanna boosted their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a report on Monday, April 22nd. JMP Securities reiterated a “market outperform” rating and issued a $550.00 price objective on shares of Meta Platforms in a report on Monday, April 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $509.18.

Meta Platforms Stock Up 0.4 %

Shares of META traded up $1.91 during trading hours on Friday, reaching $443.29. The stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. Meta Platforms, Inc. has a 12 month low of $229.85 and a 12 month high of $531.49. The firm has a 50-day simple moving average of $494.48 and a 200 day simple moving average of $404.85. The company has a current ratio of 2.68, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.13 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Equities research analysts predict that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity

In other news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the transaction, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 490 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now owns 79,944 shares in the company, valued at $39,015,070.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,349,148 shares of company stock worth $649,552,559 over the last ninety days. Company insiders own 13.75% 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.