One Wealth Advisors LLC Acquires 153 Shares of Meta Platforms, Inc. (NASDAQ:META)

One Wealth Advisors LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,428 shares of the social networking company’s stock after acquiring an additional 153 shares during the period. One Wealth Advisors LLC’s holdings in Meta Platforms were worth $4,349,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JDM Financial Group LLC bought a new stake in Meta Platforms in the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms in the 3rd quarter worth about $36,000. Avondale Wealth Management bought a new stake in Meta Platforms in the 4th quarter worth about $41,000. Cordant Inc. bought a new stake in Meta Platforms in the 4th quarter worth about $59,000. Finally, Hoese & Co LLP grew its position in Meta Platforms by 2,000.0% in the 3rd quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock worth $60,000 after purchasing an additional 100 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on META shares. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. KeyCorp boosted their target price on shares of Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt boosted their target price on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus boosted their target price on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Two 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $710.83.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $714.52 on Friday. The company’s fifty day moving average price is $627.23 and its 200-day moving average price is $573.70. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $725.01. 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 issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $5.33 EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 25.94 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 8.36%.

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 5,057 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $2,918,698.12. Following the transaction, the chief technology officer now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 12,975 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $706.72, for a total transaction of $9,169,692.00. Following the transaction, the chief executive officer now directly owns 172,046 shares in the company, valued at approximately $121,588,349.12. This represents a 7.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 701,146 shares of company stock valued at $435,387,895. Insiders own 13.71% of the company’s stock.

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.