Investment Advisory Services Inc. TX ADV Has $668,000 Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Investment Advisory Services Inc. TX ADV raised its position in Meta Platforms, Inc. (NASDAQ:META) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,140 shares of the social networking company’s stock after acquiring an additional 115 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Meta Platforms were worth $668,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new position in shares of Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms in the 3rd quarter worth approximately $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $41,000. Cordant Inc. acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $59,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Meta Platforms in the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

META stock opened at $736.67 on Friday. The business’s 50-day moving average price is $638.73 and its two-hundred day moving average price is $582.68. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.87 trillion, a PE ratio of 30.80, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the firm earned $5.33 EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is currently 8.36%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on META shares. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Monness Crespi & Hardt raised their price target on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price target on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Roth Mkm raised their price target on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $717.90.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,644 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.55, for a total value of $10,320,386.20. Following the sale, the chief financial officer now owns 46,769 shares of the company’s stock, valued at $25,888,979.95. This trade represents a 28.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. This represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 793,070 shares of company stock valued at $504,185,108 in the last 90 days. 13.71% of the stock is currently owned by company insiders.

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.