Meta Platforms, Inc. (NASDAQ:META) Shares Bought by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 496 shares of the social networking company’s stock after purchasing an additional 41 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Meta Platforms were worth $290,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at about $36,000. Avondale Wealth Management acquired a new position in Meta Platforms during the fourth quarter worth about $41,000. Cordant Inc. acquired a new position in Meta Platforms during the fourth quarter worth about $59,000. Finally, Peterson Financial Group Inc. acquired a new position in Meta Platforms during the third quarter worth about $70,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, CTO Andrew Bosworth sold 5,060 shares of the company’s stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the completion of the transaction, the chief technology officer now owns 5,139 shares in the company, valued at approximately $3,785,747.13. This represents a 49.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $589.16, for a total transaction of $243,323.08. Following the completion of the transaction, the chief operating officer now owns 17,514 shares of the company’s stock, valued at approximately $10,318,548.24. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 690,689 shares of company stock worth $451,269,409. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Trading Down 4.7 %

NASDAQ META opened at $590.64 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The stock has a market capitalization of $1.50 trillion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The firm has a 50 day moving average of $657.96 and a two-hundred day moving average of $602.00.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the firm posted $5.33 earnings per share. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. Meta Platforms’s dividend payout ratio is presently 8.78%.

Analysts Set New Price Targets

A number of research firms recently weighed in on META. Raymond James restated a “strong-buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Truist Financial boosted their price target on shares of Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JMP Securities restated a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Finally, Jefferies Financial Group boosted their price target on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $719.26.

About Meta Platforms

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.