Raab & Moskowitz Asset Management LLC Acquires Shares of 890 Meta Platforms, Inc. (NASDAQ:META)

Raab & Moskowitz Asset Management LLC acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 890 shares of the social networking company’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after buying an additional 5,001,647 shares in the last quarter. International Assets Investment Management LLC increased its position in Meta Platforms by 11,154.4% during the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock worth $1,752,900,000 after purchasing an additional 4,908,251 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Meta Platforms by 55.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after purchasing an additional 3,093,715 shares during the last quarter. Cerity Partners LLC increased its position in Meta Platforms by 1,457.5% during the fourth quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock worth $1,117,225,000 after purchasing an additional 2,953,704 shares during the last quarter. Finally, Lone Pine Capital LLC acquired a new stake in Meta Platforms during the third quarter worth about $834,315,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

NASDAQ META traded up $1.91 during trading on Friday, reaching $443.29. The company’s stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.68. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.12 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. The business’s fifty day moving average price is $494.48 and its 200-day moving average price is $404.27.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.33 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a $0.50 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 6,500 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the completion of the transaction, the chief operating officer now directly owns 68,935 shares in the company, valued at $27,574,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,349,148 shares of company stock valued at $649,552,559. 13.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Meta Platforms from $555.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday. JMP Securities restated a “market outperform” rating and set a $550.00 price objective on shares of Meta Platforms in a research report on Monday, April 22nd. Raymond James cut their price objective on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a research report on Thursday. BMO Capital Markets lifted their price target on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Finally, Tigress Financial lifted their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $509.18.

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.