Aviso Wealth Management Has $8.30 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Aviso Wealth Management raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,177 shares of the social networking company’s stock after buying an additional 367 shares during the period. Meta Platforms makes up 4.2% of Aviso Wealth Management’s portfolio, making the stock its 5th biggest position. Aviso Wealth Management’s holdings in Meta Platforms were worth $8,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Meta Platforms by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock worth $111,948,344,000 after purchasing an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC boosted its stake in Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Meta Platforms by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after purchasing an additional 424,201 shares during the period. Franklin Resources Inc. raised its stake in shares of Meta Platforms by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock worth $4,101,602,000 after buying an additional 186,728 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after buying an additional 110,040 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 2.4 %

Shares of META stock opened at $610.98 on Thursday. The stock’s 50 day simple moving average is $656.12 and its 200 day simple moving average is $608.02. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the business earned $5.33 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.34%. Meta Platforms’s payout ratio is currently 8.78%.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 608 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $614.97, for a total transaction of $373,901.76. Following the completion of the transaction, the chief operating officer now directly owns 6,838 shares in the company, valued at $4,205,164.86. This represents a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the completion of the sale, the chief financial officer now owns 51,793 shares in the company, valued at $38,154,349.31. This represents a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 586,213 shares of company stock worth $387,084,349 over the last ninety days. Company insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on META shares. KeyCorp dropped their price target on shares of Meta Platforms from $750.00 to $710.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Robert W. Baird increased their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Susquehanna lifted their price target on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research report on Thursday, January 30th. Cantor Fitzgerald increased their price objective on Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group lifted their target price on Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $718.31.

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.