One Wealth Management Investment & Advisory Services LLC Buys 243 Shares of Meta Platforms, Inc. (NASDAQ:META)

One Wealth Management Investment & Advisory Services LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,714 shares of the social networking company’s stock after purchasing an additional 243 shares during the period. Meta Platforms makes up about 6.2% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 6th largest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Meta Platforms were worth $3,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new stake in Meta Platforms during the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the 3rd quarter worth $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the 4th quarter worth $41,000. Halpern Financial Inc. acquired a new stake in shares of Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at $49,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of several recent analyst reports. Truist Financial boosted their price objective on Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald reduced their price target on shares of Meta Platforms from $730.00 to $720.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Citigroup lifted their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Roth Mkm lifted their price target on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $654.20.

Meta Platforms Stock Performance

NASDAQ META opened at $647.49 on Monday. The company’s fifty day moving average is $601.93 and its two-hundred day moving average is $560.51. Meta Platforms, Inc. has a 52-week low of $385.66 and a 52-week high of $652.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 1.18 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Equities research analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.31%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.42%.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $580.10, for a total value of $524,990.50. Following the sale, the insider now owns 31,482 shares of the company’s stock, valued at $18,262,708.20. The trade was a 2.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 8,951 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the transaction, the chief financial officer now owns 51,591 shares of the company’s stock, valued at $29,776,261.56. This represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 568,016 shares of company stock worth $346,031,180 over the last 90 days. Corporate insiders own 13.71% of the company’s stock.

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.