Dakota Wealth Management Purchases 12,268 Shares of Meta Platforms, Inc. (NASDAQ:META)

Dakota Wealth Management raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,730 shares of the social networking company's stock after buying an additional 12,268 shares during the period. Meta Platforms comprises 1.2% of Dakota Wealth Management's holdings, making the stock its 13th biggest holding. Dakota Wealth Management's holdings in Meta Platforms were worth $30,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Fairfield Bush & CO. bought a new stake in shares of Meta Platforms in the 1st quarter valued at about $66,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Meta Platforms by 12.5% during the first 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 during the period. Ergoteles LLC raised its position in shares of Meta Platforms by 284.0% in the 1st quarter. Ergoteles LLC now owns 3,356 shares of the social networking company's stock worth $746,000 after acquiring an additional 2,482 shares in the last quarter. First Western Trust Bank purchased a new position in Meta Platforms in the first quarter valued at about $813,000. Finally, Oxford Financial Group Ltd. raised its holdings in Meta Platforms by 26.9% in the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company's stock worth $420,000 after purchasing an additional 400 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

META has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a "market perform" rating in a research report on Friday, February 2nd. Oppenheimer lifted their price target on Meta Platforms from $525.00 to $585.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Robert W. Baird increased their price objective on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Raymond James boosted their target price on shares of Meta Platforms from $450.00 to $550.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. Finally, Susquehanna increased their price target on Meta Platforms from $400.00 to $550.00 and gave the stock a "positive" rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $505.75.

Meta Platforms Price Performance

META stock traded down $11.67 during midday trading on Monday, hitting $500.23. 13,495,154 shares of the stock were exchanged, compared to its average volume of 17,244,633. The stock's 50-day moving average price is $491.44 and its 200-day moving average price is $393.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market cap of $1.28 trillion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.31 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.51. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business's revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.00 EPS. Research analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms's dividend payout ratio (DPR) is presently 13.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the sale, the insider now directly owns 38,398 shares of the company's stock, valued at approximately $20,043,756. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jennifer Newstead sold 585 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the transaction, the insider now owns 38,398 shares of the company's stock, valued at approximately $20,043,756. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 97,093 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The disclosure for this sale can be found here. Insiders sold a total of 1,460,035 shares of company stock valued at $691,937,607 over the last three months. 14.03% of the stock is currently owned by insiders.

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.