Hamilton Point Investment Advisors LLC Makes New $235,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

Hamilton Point Investment Advisors LLC purchased a new position in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 663 shares of the social networking company’s stock, valued at approximately $235,000.

Several other hedge funds have also bought and sold shares of META. Stone House Investment Management LLC grew its holdings in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in Meta Platforms during the 4th quarter valued at about $26,000. Stephens Investment Management Group LLC bought a new position in Meta Platforms in the 2nd quarter worth about $30,000. Beaird Harris Wealth Management LLC grew its stake 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 worth $31,000 after acquiring an additional 42 shares in the last quarter. Finally, PayPay Securities Corp grew its stake in Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on META shares. Sanford C. Bernstein upped their target price on shares of Meta Platforms from $435.00 to $535.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Citigroup increased their price objective on shares of Meta Platforms from $525.00 to $590.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research increased their price objective on shares of Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer increased their price objective on shares of Meta Platforms from $525.00 to $585.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Meta Platforms from $500.00 to $555.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.28.

Meta Platforms Stock Performance

META stock traded up $1.06 during midday trading on Tuesday, hitting $501.29. 3,042,017 shares of the stock traded hands, compared to its average volume of 17,052,457. The firm has a market cap of $1.28 trillion, a P/E ratio of 33.64, a PEG ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The stock’s fifty day simple moving average is $492.26 and its 200-day simple moving average is $394.61. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49.

Meta Platforms (NASDAQ:META) last announced its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same quarter last year, the business earned $3.00 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, analysts expect that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Announces Dividend

The business 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 of this dividend 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 13.42%.

Insider Activity

In other news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $364.99, for a total value of $7,183,368.19. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $364.99, for a total value of $7,183,368.19. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the transaction, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,459,469 shares of company stock worth $691,726,161 over the last 90 days. 14.03% 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.