Embree Financial Group Buys 35 Shares of Meta Platforms, Inc. (NASDAQ:META)

Embree Financial Group grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,715 shares of the social networking company’s stock after acquiring an additional 35 shares during the quarter. Embree Financial Group’s holdings in Meta Platforms were worth $1,004,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of Meta Platforms by 57,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after buying an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after buying an additional 890,434 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after acquiring an additional 698,884 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Meta Platforms by 926.6% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company’s stock worth $369,774,000 after purchasing an additional 661,923 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.3 %

Shares of NASDAQ META opened at $676.49 on Thursday. The business has a 50-day simple moving average of $608.52 and a two-hundred day simple moving average of $563.58. Meta Platforms, Inc. has a 52 week low of $387.10 and a 52 week high of $682.58. The company has a market cap of $1.71 trillion, a P/E ratio of 31.86, a P/E/G ratio of 1.18 and a beta of 1.19. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. During the same quarter in the previous year, the company earned $5.33 earnings per share. Research analysts anticipate that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.30%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on META shares. Sanford C. Bernstein raised their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Raymond James lifted their price objective on Meta Platforms from $675.00 to $725.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of Meta Platforms from $641.00 to $685.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. BMO Capital Markets lifted their price objective on Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Benchmark reissued a “hold” rating on shares of Meta Platforms in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $655.41.

Insiders Place Their Bets

In related news, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the sale, the insider now directly owns 38,695 shares of the company’s stock, valued at $21,416,908.60. This trade represents a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer Newstead sold 901 shares of Meta Platforms stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $567.70, for a total transaction of $511,497.70. Following the sale, the insider now owns 30,581 shares of the company’s stock, valued at approximately $17,360,833.70. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 661,312 shares of company stock worth $407,377,422 in the last ninety days. 13.71% of the stock is currently owned by insiders.

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.