Juncture Wealth Strategies LLC Acquires 46 Shares of Meta Platforms, Inc. (NASDAQ:META)

Juncture Wealth Strategies LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,524 shares of the social networking company’s stock after buying an additional 46 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Meta Platforms were worth $892,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Meta Platforms

In related news, CAO Aaron Anderson sold 731 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at $1,901,598. This represents a 17.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $644.76, for a total value of $23,160,423.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 602,612 shares of company stock valued at $368,414,542. 13.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a report on Monday, October 14th. Citigroup raised their target price on Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays upped their price target on Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Susquehanna raised their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “positive” rating in a research report on Thursday, October 31st. Finally, Truist Financial upped their target price on shares of Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $654.20.

Meta Platforms Stock Performance

Meta Platforms stock opened at $674.33 on Wednesday. Meta Platforms, Inc. has a 1-year low of $387.10 and a 1-year high of $682.58. The firm has a market cap of $1.70 trillion, a P/E ratio of 31.76, a P/E/G ratio of 1.18 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $606.30 and a 200-day moving average of $562.78.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $40.21 billion. Sell-side analysts expect that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.30%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 9.42%.

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.