Capital Advisors Inc. OK increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 39.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,401 shares of the social networking company's stock after purchasing an additional 3,244 shares during the period. Capital Advisors Inc. OK's holdings in Meta Platforms were worth $4,035,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Fairfield Bush & CO. acquired a new stake in Meta Platforms during the 1st quarter worth approximately $66,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Meta Platforms by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company's stock worth $499,020,000 after buying an additional 249,926 shares in the last quarter. Ergoteles LLC lifted its holdings in Meta Platforms by 284.0% during the 1st quarter. Ergoteles LLC now owns 3,356 shares of the social networking company's stock worth $746,000 after buying an additional 2,482 shares in the last quarter. First Western Trust Bank acquired a new stake in Meta Platforms during the 1st quarter worth approximately $813,000. Finally, Oxford Financial Group Ltd. lifted its holdings in Meta Platforms by 26.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company's stock worth $420,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
Meta Platforms Stock Performance
Shares of NASDAQ:META traded down $11.26 during midday trading on Friday, hitting $511.90. The stock had a trading volume of 11,984,535 shares, compared to its average volume of 12,512,066. The company has a market capitalization of $1.31 trillion, a PE ratio of 34.36, a P/E/G ratio of 1.31 and a beta of 1.20. The stock has a 50 day moving average price of $491.44 and a two-hundred day moving average price of $393.22. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 1 year low of $207.13 and a 1 year high of $531.49.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business's quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.00 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Wednesday, February 21st. Meta Platforms's payout ratio is 13.42%.
Insider Activity at Meta Platforms
In related news, COO Javier Olivan sold 490 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now owns 79,944 shares in the company, valued at $39,015,070.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Javier Olivan sold 490 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now owns 79,944 shares in the company, valued at $39,015,070.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of the firm's stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $364.99, for a total transaction of $7,183,368.19. The disclosure for this sale can be found here. Insiders sold 1,460,035 shares of company stock worth $691,937,607 over the last 90 days. Company insiders own 13.75% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Wedbush increased their target price on shares of Meta Platforms from $420.00 to $520.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Oppenheimer raised their price objective on shares of Meta Platforms from $525.00 to $585.00 and gave the company an "outperform" rating in a report on Monday, April 8th. The Goldman Sachs Group raised their price objective on shares of Meta Platforms from $414.00 to $500.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Meta Platforms from $609.00 to $600.00 and set an "overweight" rating on the stock in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $502.75.
Read Our Latest Research Report on META
Meta Platforms Profile
(
Free Report)
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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