RVW Wealth LLC Acquires 168 Shares of Meta Platforms, Inc. (NASDAQ:META)

RVW Wealth LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,291 shares of the social networking company’s stock after acquiring an additional 168 shares during the period. RVW Wealth LLC’s holdings in Meta Platforms were worth $756,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after buying an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in Meta Platforms by 61,769.3% during the 3rd 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 in the last quarter. World Investment Advisors LLC lifted its holdings in Meta Platforms by 4,658.5% during the 3rd 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 lifted its holdings in 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 worth $27,470,870,000 after buying an additional 698,884 shares in the last quarter. Finally, National Pension Service lifted its holdings in Meta Platforms by 14.6% during the 3rd quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock worth $2,471,822,000 after buying an additional 550,852 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Piper Sandler increased their price target on Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Wedbush reissued an “outperform” rating and issued a $770.00 price target (up previously from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Benchmark raised Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target on the stock in a research note on Thursday, January 30th. Finally, Truist Financial increased their price target on Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $710.83.

Insider Activity at Meta Platforms

In related news, insider Nicholas Clegg sold 7,296 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.48, for a total value of $4,038,190.08. Following the completion of the sale, the insider now owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. This trade represents a 15.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $2,918,698.12. Following the completion of the sale, the chief technology officer now directly owns 8,565 shares of the company’s stock, valued at approximately $4,943,375.40. This trade represents a 37.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 673,878 shares of company stock worth $416,269,904 over the last ninety days. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $697.46 on Tuesday. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $710.79. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $616.25 and its two-hundred day moving average price is $568.60. The stock has a market cap of $1.76 trillion, a PE ratio of 29.16, a P/E/G ratio of 1.47 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the previous year, the company earned $5.33 EPS. As a group, analysts expect that Meta Platforms, Inc. will post 25.94 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced 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 0.29%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is presently 8.36%.

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.