DecisionPoint Financial LLC Grows Position in Meta Platforms, Inc. (NASDAQ:META)

DecisionPoint Financial LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 854 shares of the social networking company’s stock after buying an additional 204 shares during the period. DecisionPoint Financial LLC’s holdings in Meta Platforms were worth $302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC increased its holdings in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. MBM Wealth Consultants LLC acquired a new position in Meta Platforms in the 4th quarter worth approximately $26,000. Stephens Investment Management Group LLC purchased a new position in Meta Platforms during the 2nd quarter worth approximately $30,000. Beaird Harris Wealth Management LLC lifted its stake in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the period. Finally, PayPay Securities Corp boosted its holdings in shares of Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Susan J. Li sold 10,956 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was 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. Over the last 90 days, insiders have sold 1,439,788 shares of company stock valued at $684,542,792. 14.03% of the stock is currently owned by company insiders.

Meta Platforms Trading Down 0.8 %

Meta Platforms stock traded down $3.90 during trading on Wednesday, hitting $495.86. The company had a trading volume of 8,076,317 shares, compared to its average volume of 17,014,455. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. 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. The company’s 50 day simple moving average is $493.16 and its 200-day simple moving average is $396.01.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same period in the previous year, the firm posted $3.00 earnings per share. The company’s revenue was up 24.7% on a year-over-year basis. As a group, analysts expect that Meta Platforms, Inc. will post 20.06 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 13.42%.

Analysts Set New Price Targets

META has been the subject of several recent research reports. Citigroup raised their target price on shares of Meta Platforms from $525.00 to $590.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company dropped their price target on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Morgan Stanley upped their price objective on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Tigress Financial upped their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.28.

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.