DCM Advisors LLC Grows Position in Meta Platforms, Inc. (NASDAQ:META)

DCM Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,045 shares of the social networking company's stock after purchasing an additional 2,948 shares during the period. Meta Platforms comprises about 5.5% of DCM Advisors LLC's investment portfolio, making the stock its 3rd largest position. DCM Advisors LLC's holdings in Meta Platforms were worth $11,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Regent Peak Wealth Advisors LLC grew its position in Meta Platforms by 5.8% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company's stock valued at $2,939,000 after acquiring an additional 277 shares during the period. RMR Wealth Builders grew its position in Meta Platforms by 4.9% in the fourth quarter. RMR Wealth Builders now owns 11,830 shares of the social networking company's stock valued at $6,927,000 after acquiring an additional 556 shares during the period. Czech National Bank grew its position in Meta Platforms by 6.3% in the fourth quarter. Czech National Bank now owns 472,992 shares of the social networking company's stock valued at $276,942,000 after acquiring an additional 27,940 shares during the period. Paragon Advisors LLC grew its position in Meta Platforms by 10.6% in the fourth quarter. Paragon Advisors LLC now owns 7,787 shares of the social networking company's stock valued at $4,559,000 after acquiring an additional 749 shares during the period. Finally, Aprio Wealth Management LLC grew its position in Meta Platforms by 44.1% in the fourth quarter. Aprio Wealth Management LLC now owns 4,065 shares of the social networking company's stock valued at $2,380,000 after acquiring an additional 1,245 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,668 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $721.69, for a total transaction of $14,194,198.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Andrew Bosworth sold 5,060 shares of the firm's stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the sale, the chief technology officer now directly owns 5,139 shares of the company's stock, valued at $3,785,747.13. This represents a 49.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,992 shares of company stock valued at $82,831,650 in the last quarter. 13.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on META shares. The Goldman Sachs Group increased their target price on Meta Platforms from $685.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Rosenblatt Securities increased their target price on Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wedbush increased their target price on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Arete Research upgraded Meta Platforms to a "hold" rating in a report on Friday, January 24th. Finally, Guggenheim increased their target price on Meta Platforms from $675.00 to $725.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus price target of $696.45.

Meta Platforms Trading Up 7.9%

NASDAQ META opened at $639.43 on Tuesday. The company has a market cap of $1.62 trillion, a PE ratio of 26.73, a PEG ratio of 1.42 and a beta of 1.24. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12 month low of $442.65 and a 12 month high of $740.91. The stock has a 50 day moving average of $568.53 and a 200-day moving average of $605.22.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.71 EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.33%. Meta Platforms's dividend payout ratio (DPR) is currently 8.19%.

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.

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