Five Oceans Advisors Acquires 37 Shares of Meta Platforms, Inc. (NASDAQ:META)

Five Oceans Advisors grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,902 shares of the social networking company’s stock after acquiring an additional 37 shares during the quarter. Meta Platforms accounts for about 1.6% of Five Oceans Advisors’ investment portfolio, making the stock its 13th largest holding. Five Oceans Advisors’ holdings in Meta Platforms were worth $3,456,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms during the third quarter worth about $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms during the fourth quarter worth about $41,000. West Financial Advisors LLC acquired a new stake in Meta Platforms in the 3rd quarter valued at approximately $49,000. Finally, Cordant Inc. acquired a new position in Meta Platforms during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Scotiabank increased their price objective on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada lifted their target price on Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $710.83.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms 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 transaction, the insider now owns 38,695 shares in the company, valued at $21,416,908.60. The trade was a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 12,975 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $706.72, for a total value of $9,169,692.00. Following the transaction, the chief executive officer now directly owns 172,046 shares of the company’s stock, valued at approximately $121,588,349.12. The trade was a 7.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 701,146 shares of company stock valued at $435,387,895 in the last ninety days. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Stock Up 1.0 %

NASDAQ META opened at $711.99 on Friday. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 29.77, a PEG ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $718.90. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $624.43 and a 200-day moving average of $572.13.

Meta Platforms (NASDAQ:META) last released its 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 prior year, the business posted $5.33 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 25.94 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid 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 payout ratio is 8.36%.

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.