1,925 Shares in Meta Platforms, Inc. (NASDAQ:META) Purchased by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,925 shares of the social networking company’s stock, valued at approximately $681,000.

Several other hedge funds have also bought and sold shares of the business. Stone House Investment Management LLC lifted its stake in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Meta Platforms in the fourth quarter worth approximately $26,000. Stephens Investment Management Group LLC bought a new position in shares of Meta Platforms in the second quarter worth approximately $30,000. Beaird Harris Wealth Management LLC lifted its stake in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares in the last quarter. Finally, PayPay Securities Corp lifted its stake in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on META shares. UBS Group upped their target price on shares of Meta Platforms from $425.00 to $530.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada increased their price objective on shares of Meta Platforms from $400.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Roth Mkm restated a “buy” rating and set a $500.00 price objective on shares of Meta Platforms in a research report on Monday, March 18th. TD Cowen increased their price objective on shares of Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Citigroup increased their price objective on shares of Meta Platforms from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Meta Platforms Price Performance

META traded down $8.28 during trading on Friday, hitting $485.58. 15,212,764 shares of the company traded hands, compared to its average volume of 14,086,339. The company has a market cap of $1.24 trillion, a PE ratio of 32.59, a P/E/G ratio of 1.27 and a beta of 1.21. The stock’s 50-day simple moving average is $467.03 and its two-hundred day simple moving average is $376.07. Meta Platforms, Inc. has a 1 year low of $202.54 and a 1 year high of $523.57. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. Meta Platforms’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the company posted $3.00 earnings per share. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors 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 annualized dividend and a yield of 0.41%. Meta Platforms’s payout ratio is 13.42%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $513.32, for a total transaction of $251,526.80. Following the completion of the transaction, the chief operating officer now directly owns 10,029 shares of the company’s stock, valued at $5,148,086.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $513.32, for a total transaction of $251,526.80. Following the completion of the transaction, the chief operating officer now owns 10,029 shares in the company, valued at $5,148,086.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 1,064 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $351.51, for a total transaction of $374,006.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,504,435 shares of company stock valued at $703,629,367. Corporate insiders own 13.75% of the company’s stock.

About Meta Platforms

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.