Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 22,756 shares of the social networking company’s stock after acquiring an additional 558 shares during the quarter. Meta Platforms comprises about 0.7% of Flagship Harbor Advisors LLC’s portfolio, making the stock its 26th largest position. Flagship Harbor Advisors LLC’s holdings in Meta Platforms were worth $13,324,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in META. Juncture Wealth Strategies LLC raised its stake in shares of Meta Platforms by 3.1% in the fourth quarter. Juncture Wealth Strategies LLC now owns 1,524 shares of the social networking company’s stock worth $892,000 after purchasing an additional 46 shares during the last quarter. Stewardship Advisors LLC increased its holdings in Meta Platforms by 21.7% in the 4th quarter. Stewardship Advisors LLC now owns 611 shares of the social networking company’s stock worth $358,000 after buying an additional 109 shares during the period. Toth Financial Advisory Corp raised its position in Meta Platforms by 9.9% during the 4th quarter. Toth Financial Advisory Corp now owns 1,326 shares of the social networking company’s stock worth $776,000 after buying an additional 119 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in Meta Platforms by 108.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 454,187 shares of the social networking company’s stock valued at $265,945,000 after acquiring an additional 236,510 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in shares of Meta Platforms by 1.1% in the 4th quarter. Tributary Capital Management LLC now owns 2,805 shares of the social networking company’s stock valued at $1,642,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 2.2 %

NASDAQ META opened at $674.33 on Wednesday. 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, Inc. has a 52 week low of $387.10 and a 52 week high of $682.58. The business’s fifty day simple moving average is $606.30 and its 200-day simple moving average is $562.78. The firm has a market cap of $1.70 trillion, a PE ratio of 31.76, a P/E/G ratio of 1.18 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $631.55, for a total value of $571,552.75. Following the sale, the insider now directly owns 32,010 shares of the company’s stock, valued at approximately $20,215,915.50. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $644.76, for a total transaction of $23,160,423.96. The disclosure for this sale can be found here. Insiders have sold 602,612 shares of company stock worth $368,414,542 over the last quarter. 13.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on META shares. 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 report on Thursday, October 31st. Wells Fargo & Company upped their target price on Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Susquehanna lifted their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “positive” rating in a research report on Thursday, October 31st. Pivotal Research upped their price objective on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wolfe Research lifted their target price on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $654.20.

Meta Platforms 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.