FSA Advisors Inc. Boosts Holdings in Meta Platforms, Inc. (NASDAQ:META)

FSA Advisors Inc. lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 93.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,010 shares of the social networking company's stock after acquiring an additional 488 shares during the quarter. FSA Advisors Inc.'s holdings in Meta Platforms were worth $582,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Valley Financial Group Inc. lifted its position in Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after buying an additional 14 shares during the period. Lantern Wealth Advisors LLC grew its position in shares of Meta Platforms by 0.5% in the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after buying an additional 14 shares during the period. Riverwater Partners LLC increased its stake in shares of Meta Platforms by 2.7% in the 4th quarter. Riverwater Partners LLC now owns 572 shares of the social networking company's stock worth $335,000 after acquiring an additional 15 shares in the last quarter. ABLE Financial Group LLC lifted its position in Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after acquiring an additional 15 shares during the period. Finally, Mosaic Family Wealth Partners LLC boosted its stake in Meta Platforms by 1.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock worth $840,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on META. JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday. Robert W. Baird lifted their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Piper Sandler raised their price target on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a report on Thursday. Finally, UBS Group upped their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $820.32.

Meta Platforms Price Performance

NASDAQ META opened at $750.01 on Friday. The business's fifty day moving average is $701.68 and its 200 day moving average is $645.88. Meta Platforms, Inc. has a fifty-two week low of $450.80 and a fifty-two week high of $784.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.66 and a current ratio of 1.97. The company has a market capitalization of $1.89 trillion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%. The firm's revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is 8.19%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 13,793 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $701.13, for a total transaction of $9,670,686.09. Following the sale, the chief executive officer directly owned 118,279 shares of the company's stock, valued at $82,928,955.27. This trade represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $636.85, for a total value of $14,296,645.65. Following the completion of the transaction, the chief technology officer owned 1,183 shares in the company, valued at $753,393.55. The trade was a 94.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,980 shares of company stock worth $105,708,832. 13.61% of the stock is owned by corporate insiders.

About Meta Platforms

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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