Regent Peak Wealth Advisors LLC Raises Holdings in Meta Platforms, Inc. (NASDAQ:META)

Regent Peak Wealth Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,801 shares of the social networking company’s stock after purchasing an additional 100 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Meta Platforms were worth $1,699,000 as of its most recent filing with the SEC.

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

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 business has a 50-day moving average of $473.50 and a 200-day moving average of $381.00. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 33.38, a PEG ratio of 1.26 and a beta of 1.20.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating the consensus estimate of $4.82 by $0.51. The firm had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm’s revenue was up 24.7% compared to the same quarter last year. During the same period last year, the firm earned $3.00 EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 19.94 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. Stockholders 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 annualized dividend and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $351.47, for a total transaction of $6,917,281.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 566 shares of Meta Platforms stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $356.40, for a total transaction of $201,722.40. Following the sale, the insider now directly owns 36,418 shares of the company’s stock, valued at $12,979,375.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $351.47, for a total value of $6,917,281.07. The disclosure for this sale can be found here. Insiders sold a total of 1,502,805 shares of company stock valued at $703,056,383 over the last quarter. Company insiders own 14.03% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of several analyst reports. Evercore ISI upped their target price on Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities upped their target price on Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. TD Cowen increased their price target on Meta Platforms from $415.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $500.00 price target on shares of Meta Platforms in a report on Monday, March 18th. Finally, KeyCorp increased their price target on Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $496.35.

View Our Latest Report on META

About Meta Platforms

(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.

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

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