Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Macroview Investment Management LLC

Macroview Investment Management LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 125.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 429 shares of the social networking company’s stock after buying an additional 239 shares during the period. Macroview Investment Management LLC’s holdings in Meta Platforms were worth $152,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Stockton raised its position in shares of Meta Platforms by 9.2% during the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after buying an additional 400 shares during the period. Signify Wealth purchased a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $228,000. Investment Research & Advisory Group Inc. raised its position in shares of Meta Platforms by 1.5% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after buying an additional 164 shares during the period. Keel Point LLC raised its position in shares of Meta Platforms by 6.3% during the 3rd quarter. Keel Point LLC now owns 6,690 shares of the social networking company’s stock valued at $2,008,000 after buying an additional 399 shares during the period. Finally, Syntegra Private Wealth Group LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $269,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 566 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $385.00, for a total transaction of $217,910.00. Following the transaction, the insider now directly owns 35,286 shares of the company’s stock, valued at $13,585,110. The disclosure for this sale can be found here. In the last three months, insiders sold 1,439,788 shares of company stock valued at $684,542,792. Corporate insiders own 14.03% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $499.10 on Wednesday. The company’s fifty day simple moving average is $493.16 and its 200-day simple moving average is $396.01. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.27 trillion, a PE ratio of 33.54, a P/E/G ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.00 EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 20.06 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors 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 of this dividend was Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

Analyst Ratings Changes

META has been the subject of several research reports. Canaccord Genuity Group boosted their price target on shares of Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wedbush boosted their price target on shares of Meta Platforms from $420.00 to $520.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Jefferies Financial Group upped their target price on shares of Meta Platforms from $550.00 to $585.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Morgan Stanley upped their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. One investment 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $509.28.

Meta Platforms 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.