Embree Financial Group Has $1 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Embree Financial Group boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715 shares of the social networking company’s stock after buying an additional 35 shares during the quarter. Embree Financial Group’s holdings in Meta Platforms were worth $1,004,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JDM Financial Group LLC acquired a new position in shares of Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the third quarter worth $36,000. Avondale Wealth Management acquired a new position in Meta Platforms during the 4th quarter worth about $41,000. Halpern Financial Inc. bought a new stake in Meta Platforms during the 3rd quarter worth about $46,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at approximately $49,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $567.58, for a total transaction of $234,410.54. Following the completion of the sale, the chief operating officer now owns 10,294 shares in the company, valued at $5,842,668.52. The trade was a 3.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 901 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $567.70, for a total value of $511,497.70. Following the transaction, the insider now owns 30,581 shares in the company, valued at approximately $17,360,833.70. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 661,312 shares of company stock valued at $407,377,422. Company insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 0.3 %

Meta Platforms stock opened at $676.49 on Thursday. The stock has a 50-day simple moving average of $608.52 and a 200 day simple moving average of $563.58. The stock has a market capitalization of $1.71 trillion, a P/E ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. Meta Platforms, Inc. has a 52 week low of $387.10 and a 52 week high of $682.58.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. During the same quarter in the prior year, the company posted $5.33 earnings per share. Analysts expect that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Wall Street Analyst Weigh In

Several analysts have weighed in on META shares. Arete Research raised Meta Platforms to a “hold” rating in a report on Friday, January 24th. Mizuho lifted their target price on shares of Meta Platforms from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Robert W. Baird increased their price target on Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Monday. Finally, Truist Financial raised their target price on Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $655.41.

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.