Gerber Kawasaki Wealth & Investment Management Has $6.74 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Gerber Kawasaki Wealth & Investment Management boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,514 shares of the social networking company's stock after buying an additional 859 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Meta Platforms were worth $6,742,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after purchasing an additional 1,502,553 shares during the period. Geode Capital Management LLC increased its holdings in shares of Meta Platforms by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock valued at $28,719,970,000 after purchasing an additional 1,020,519 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Meta Platforms by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after purchasing an additional 1,049,121 shares during the period. Capital World Investors grew its holdings in Meta Platforms by 2.9% during the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock worth $23,606,338,000 after acquiring an additional 1,141,355 shares during the period. Finally, Norges Bank acquired a new position in Meta Platforms during the fourth quarter worth about $19,949,512,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on META. Raymond James reiterated a "strong-buy" rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Tigress Financial restated a "strong-buy" rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Oppenheimer raised their price objective on Meta Platforms from $650.00 to $800.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Stifel Nicolaus decreased their price objective on Meta Platforms from $740.00 to $628.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, JMP Securities restated a "market outperform" rating and set a $750.00 price objective on shares of Meta Platforms in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $681.95.

Meta Platforms Price Performance

Shares of NASDAQ:META traded down $15.13 during midday trading on Wednesday, reaching $539.31. 10,266,652 shares of the company's stock were exchanged, compared to its average volume of 14,324,325. The company's 50 day simple moving average is $581.11 and its two-hundred day simple moving average is $604.05. The firm has a market capitalization of $1.37 trillion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 12 month low of $427.11 and a 12 month high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the company posted $5.33 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.39%. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio (DPR) is 8.78%.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the firm's stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the sale, the chief financial officer now owns 51,793 shares in the company, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 12,975 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $696.39, for a total transaction of $9,035,660.25. Following the completion of the transaction, the chief executive officer now directly owns 210,971 shares in the company, valued at $146,918,094.69. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 248,463 shares of company stock worth $175,403,314 in the last quarter. 13.71% 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.