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Meta Platforms, Inc. $META Shares Purchased by Signature Wealth Management Partners LLC

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Key Points

  • Signature Wealth Management Partners LLC increased its Meta Platforms stake by 39.6% in the fourth quarter, buying 1,818 additional shares to bring its total to 6,405 shares worth about $4.23 million.
  • Wall Street remains generally bullish on Meta, with a Moderate Buy consensus and an average price target of $840.31, even as some firms trimmed their targets or downgraded the stock.
  • Meta’s latest earnings beat expectations, reporting $10.44 EPS and $56.31 billion in revenue, though the company is also facing ongoing regulatory and legal risks tied to scam ads and publisher disputes.
  • Interested in Meta Platforms? Here are five stocks we like better.

Signature Wealth Management Partners LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,405 shares of the social networking company's stock after acquiring an additional 1,818 shares during the quarter. Meta Platforms makes up about 2.1% of Signature Wealth Management Partners LLC's portfolio, making the stock its 12th biggest holding. Signature Wealth Management Partners LLC's holdings in Meta Platforms were worth $4,228,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in META. Brighton Jones LLC increased its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares in the last quarter. Headwater Capital Co Ltd grew its holdings in shares of Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms during the second quarter worth $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms during the second quarter worth $322,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Meta Platforms from $850.00 to $835.00 and set an "outperform" rating for the company in a report on Tuesday, May 5th. Erste Group Bank lowered shares of Meta Platforms from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Roth Mkm reaffirmed a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Robert W. Baird upped their target price on shares of Meta Platforms from $815.00 to $830.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. Finally, Piper Sandler reissued an "overweight" rating and issued a $800.00 price objective (down from $880.00) on shares of Meta Platforms in a report on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $840.31.

Read Our Latest Stock Analysis on META

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 580 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the sale, the director owned 3,847 shares of the company's stock, valued at $2,565,949. This trade represents a 13.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 926 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $607.74, for a total transaction of $562,767.24. Following the completion of the sale, the chief operating officer directly owned 7,779 shares in the company, valued at approximately $4,727,609.46. This trade represents a 10.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 167,676 shares of company stock worth $107,299,848. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Up 0.7%

Shares of META opened at $603.00 on Wednesday. The stock has a market capitalization of $1.53 trillion, a PE ratio of 21.92, a P/E/G ratio of 1.05 and a beta of 1.25. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company's 50-day simple moving average is $624.72 and its 200-day simple moving average is $642.58.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business's quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.43 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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