Meta Platforms, Inc. (NASDAQ:META) Stake Raised by Intergy Private Wealth LLC

Intergy Private Wealth LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,152 shares of the social networking company’s stock after acquiring an additional 27 shares during the period. Intergy Private Wealth LLC’s holdings in Meta Platforms were worth $1,260,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. AMF Tjanstepension AB increased its holdings in shares of Meta Platforms by 32.5% during the 3rd quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock valued at $261,680,000 after acquiring an additional 112,047 shares during the last quarter. Czech National Bank increased its holdings in shares of Meta Platforms by 6.6% during the 3rd quarter. Czech National Bank now owns 445,052 shares of the social networking company’s stock valued at $254,766,000 after acquiring an additional 27,453 shares during the last quarter. Kure Advisory LLC acquired a new position in shares of Meta Platforms during the 3rd quarter valued at about $204,000. Greenfield Savings Bank increased its holdings in shares of Meta Platforms by 1.0% during the 3rd quarter. Greenfield Savings Bank now owns 5,954 shares of the social networking company’s stock valued at $3,408,000 after acquiring an additional 57 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in shares of Meta Platforms during the 3rd quarter valued at about $17,032,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark raised Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective on the stock in a report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a report on Monday, January 27th. UBS Group raised their target price on Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Monness Crespi & Hardt raised their target price on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two investment 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $710.83.

Insider Activity

In other news, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 12,975 shares of Meta Platforms stock in a transaction on Friday, January 31st. The shares were sold at an average price of $696.39, for a total value of $9,035,660.25. Following the completion of the sale, the chief executive officer now directly owns 210,971 shares of the company’s stock, valued at $146,918,094.69. This trade represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 673,878 shares of company stock valued at $416,269,904. Company insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 1.0 %

META stock opened at $704.19 on Wednesday. The business has a fifty day moving average price of $618.86 and a 200 day moving average price of $570.21. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $710.79. The stock has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

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, beating analysts’ consensus estimates 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 business posted $5.33 earnings per share. Analysts expect that Meta Platforms, Inc. will post 25.94 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. Meta Platforms’s dividend payout ratio is 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.