Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Dunhill Financial LLC

Dunhill Financial LLC increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 64.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,525 shares of the social networking company's stock after buying an additional 993 shares during the period. Meta Platforms comprises approximately 0.7% of Dunhill Financial LLC's holdings, making the stock its 22nd largest position. Dunhill Financial LLC's holdings in Meta Platforms were worth $1,478,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Meta Platforms by 6.5% during the third quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company's stock valued at $1,928,185,000 after buying an additional 204,412 shares during the last quarter. Bank of New Hampshire increased its holdings in Meta Platforms by 3.1% in the 4th quarter. Bank of New Hampshire now owns 1,007 shares of the social networking company's stock valued at $590,000 after acquiring an additional 30 shares during the last quarter. Diversified Trust Co lifted its stake in Meta Platforms by 1.3% in the 4th quarter. Diversified Trust Co now owns 75,464 shares of the social networking company's stock worth $44,185,000 after purchasing an additional 970 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 5.8% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company's stock valued at $2,939,000 after purchasing an additional 277 shares during the last quarter. Finally, Spartan Planning & Wealth Management purchased a new position in shares of Meta Platforms during the fourth quarter valued at about $2,283,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

META has been the subject of a number of research reports. Rosenblatt Securities increased their price target on Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Oppenheimer raised their target price on shares of Meta Platforms from $650.00 to $665.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Loop Capital decreased their price target on shares of Meta Platforms from $900.00 to $695.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Evercore ISI lifted their price objective on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Benchmark decreased their target price on shares of Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $696.45.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 8,553 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the completion of the sale, the chief financial officer now owns 51,793 shares of the company's stock, valued at $38,154,349.31. The trade was a 14.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $592.52, for a total transaction of $545,710.92. Following the completion of the transaction, the insider now owns 25,656 shares in the company, valued at approximately $15,201,693.12. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,689 shares of company stock valued at $109,097,842. Insiders own 13.71% of the company's stock.

Meta Platforms Stock Down 0.9 %

NASDAQ META traded down $5.52 on Friday, hitting $592.49. The stock had a trading volume of 10,401,916 shares, compared to its average volume of 14,450,792. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The business's fifty day moving average price is $568.87 and its 200 day moving average price is $604.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24.

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

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a dividend of $0.525 per share. This is a positive change 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 dividend on an annualized basis and a yield of 0.35%. Meta Platforms's dividend payout ratio is presently 8.19%.

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.