WealthCare Investment Partners LLC Takes $200,000 Position in Meta Platforms, Inc. (NASDAQ:META)

WealthCare Investment Partners LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 559 shares of the social networking company’s stock, valued at approximately $200,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Verum Partners LLC acquired a new stake in Meta Platforms during the fourth quarter valued at $222,000. Kaizen Financial Strategies grew its holdings in Meta Platforms by 57.8% during the 4th quarter. Kaizen Financial Strategies now owns 1,599 shares of the social networking company’s stock worth $566,000 after acquiring an additional 586 shares in the last quarter. Well Done LLC grew its holdings in Meta Platforms by 10.8% during the 4th quarter. Well Done LLC now owns 1,398 shares of the social networking company’s stock worth $495,000 after acquiring an additional 136 shares in the last quarter. HT Partners LLC grew its holdings in Meta Platforms by 2.4% during the 4th quarter. HT Partners LLC now owns 1,790 shares of the social networking company’s stock worth $634,000 after acquiring an additional 42 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of Meta Platforms by 1.5% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after buying an additional 164 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets boosted their target price on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Guggenheim upped their price target on shares of Meta Platforms from $380.00 to $520.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Tigress Financial upped their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 9th. Finally, Stifel Nicolaus upped their price target on shares of Meta Platforms from $405.00 to $527.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $496.35.

Meta Platforms Price Performance

META traded down $8.28 during trading on Thursday, reaching $485.58. 15,062,981 shares of the stock were exchanged, compared to its average volume of 17,904,395. 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 $202.54 and a 1 year high of $523.57. The business’s 50 day moving average price is $464.84 and its two-hundred day moving average price is $375.30. The company has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.28 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. During the same quarter in the previous year, the firm posted $3.00 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.41%. Meta Platforms’s dividend payout ratio (DPR) is 13.42%.

Insider Activity

In related news, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the sale, the chief operating officer now directly owns 79,944 shares in the company, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,504,435 shares of company stock worth $703,629,367. Company insiders own 13.75% of the company’s stock.

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.