DSG Capital Advisors LLC Makes New Investment in Meta Platforms, Inc. (NASDAQ:META)

DSG Capital Advisors LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,025 shares of the social networking company's stock, valued at approximately $9,968,000. Meta Platforms comprises approximately 1.8% of DSG Capital Advisors LLC's holdings, making the stock its 18th largest holding.

Several other hedge funds have also made changes to their positions in the business. Millstone Evans Group LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $40,000. WealthTrak Capital Management LLC purchased a new stake in shares of Meta Platforms during the 4th quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Meta Platforms during the 4th quarter worth $45,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Meta Platforms in the fourth quarter valued at about $47,000. Finally, Conquis Financial LLC purchased a new stake in Meta Platforms during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of a number of research analyst reports. Argus set a $775.00 price target on shares of Meta Platforms in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Meta Platforms from $752.00 to $664.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Tigress Financial restated a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday, February 11th. JMP Securities reiterated a "market outperform" rating and issued a $750.00 price objective on shares of Meta Platforms in a research report on Wednesday, April 30th. Finally, TD Securities lowered their price objective on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $701.05.

Meta Platforms Stock Performance

Shares of META stock traded down $2.82 during trading hours on Friday, reaching $642.23. The stock had a trading volume of 16,230,863 shares, compared to its average volume of 14,491,179. The firm has a 50-day simple moving average of $578.56 and a 200-day simple moving average of $610.83. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91. The firm has a market capitalization of $1.61 trillion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. During the same period in the previous year, the firm posted $4.71 earnings per share. The business's revenue was up 16.1% on a year-over-year basis. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be paid a $0.525 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.33%. Meta Platforms's payout ratio is 8.19%.

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $635.41, for a total transaction of $329,777.79. Following the transaction, the insider now directly owns 30,221 shares of the company's stock, valued at $19,202,725.61. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 608 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $673.96, for a total value of $409,767.68. Following the completion of the transaction, the chief operating officer now directly owns 8,662 shares in the company, valued at $5,837,841.52. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,664 shares of company stock valued at $35,484,670. Company insiders own 13.61% of the company's stock.

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.