Dohj LLC Buys 567 Shares of Meta Platforms, Inc. (NASDAQ:META)

Dohj LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,165 shares of the social networking company’s stock after purchasing an additional 567 shares during the quarter. Dohj LLC’s holdings in Meta Platforms were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Private Wealth Partners LLC boosted its position in shares of Meta Platforms by 148.6% during the 4th quarter. Private Wealth Partners LLC now owns 5,914 shares of the social networking company’s stock valued at $2,093,000 after acquiring an additional 3,535 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of Meta Platforms by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 6,222 shares of the social networking company’s stock valued at $2,202,000 after acquiring an additional 160 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Meta Platforms by 3.9% during the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after acquiring an additional 25 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $4,195,000. Finally, Golden State Equity Partners boosted its position in shares of Meta Platforms by 13.9% during the 4th quarter. Golden State Equity Partners now owns 4,785 shares of the social networking company’s stock valued at $1,694,000 after acquiring an additional 583 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the chief operating officer now directly owns 68,935 shares in the company, valued at approximately $27,574,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, COO Javier Olivan sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the transaction, the chief operating officer now directly owns 68,935 shares in the company, valued at approximately $27,574,000. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 552 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total value of $256,128.00. Following the completion of the transaction, the insider now owns 34,168 shares in the company, valued at $15,853,952. The disclosure for this sale can be found here. Insiders sold a total of 1,349,148 shares of company stock worth $649,552,559 in the last 90 days. Corporate insiders own 13.75% of the company’s stock.

Meta Platforms Stock Up 0.4 %

Shares of Meta Platforms stock 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 quick ratio of 2.67, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.13 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49. The company has a 50-day simple moving average of $494.48 and a two-hundred day simple moving average of $404.85.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. As a group, equities analysts forecast that Meta Platforms, Inc. will post 20.2 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on META shares. Guggenheim dropped their price target on Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley raised their price objective on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Bank of America raised their price objective on Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price target on Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup decreased their price target on Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $509.18.

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.