TTP Investments Inc. Buys 10,428 Shares of Meta Platforms, Inc. (NASDAQ:META)

TTP Investments Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 192.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,852 shares of the social networking company’s stock after acquiring an additional 10,428 shares during the quarter. Meta Platforms comprises 2.4% of TTP Investments Inc.’s holdings, making the stock its 12th largest position. TTP Investments Inc.’s holdings in Meta Platforms were worth $5,611,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Peterson Wealth Advisors LLC increased its stake in shares of Meta Platforms by 1.9% in the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after acquiring an additional 28 shares in the last quarter. Edge Wealth Management LLC lifted its position in Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after acquiring an additional 28 shares during the period. Yarger Wealth Strategies LLC lifted its position in Meta Platforms by 4.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock valued at $260,000 after acquiring an additional 28 shares during the period. Curated Wealth Partners LLC lifted its position in Meta Platforms by 1.8% during the 4th quarter. Curated Wealth Partners LLC now owns 1,602 shares of the social networking company’s stock valued at $567,000 after acquiring an additional 29 shares during the period. Finally, Courier Capital LLC lifted its position in Meta Platforms by 1.7% during the 4th quarter. Courier Capital LLC now owns 1,843 shares of the social networking company’s stock valued at $652,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on META shares. Bank of America lifted their price target on shares of Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $420.00 to $535.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Piper Sandler lifted their price target on shares of Meta Platforms from $415.00 to $525.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Barclays raised their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, JMP Securities raised their price objective on shares of Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $496.35.

Check Out Our Latest Analysis on Meta Platforms

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $497.37 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $523.57. The company has a market capitalization of $1.27 trillion, a P/E ratio of 33.38, a P/E/G ratio of 1.26 and a beta of 1.20. The firm’s 50 day simple moving average is $473.50 and its two-hundred day simple moving average is $381.00.

Meta Platforms (NASDAQ:METAGet Free Report) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the previous year, the firm earned $3.00 earnings per share. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. Research analysts expect that Meta Platforms, Inc. will post 19.94 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business 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 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $513.32, for a total value of $251,526.80. Following the transaction, the chief operating officer now owns 10,029 shares of the company’s stock, valued at $5,148,086.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 490 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $513.32, for a total transaction of $251,526.80. Following the sale, the chief operating officer now directly owns 10,029 shares in the company, valued at approximately $5,148,086.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,502,805 shares of company stock valued at $703,056,383. 14.03% of the stock is currently owned by corporate insiders.

Meta Platforms Company 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.

Featured Stories

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.