Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,168 shares of the social networking company’s stock after purchasing an additional 204 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Meta Platforms were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in Meta Platforms during the 1st quarter worth approximately $66,000. Mirae Asset Global Investments Co. Ltd. increased its position in Meta Platforms by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after purchasing an additional 249,926 shares in the last quarter. Ergoteles LLC increased its position in Meta Platforms by 284.0% during the 1st quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock worth $746,000 after purchasing an additional 2,482 shares in the last quarter. First Western Trust Bank acquired a new stake in Meta Platforms during the 1st quarter worth approximately $813,000. Finally, Oxford Financial Group Ltd. increased its position in Meta Platforms by 26.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock worth $420,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the transaction, the chief operating officer now owns 79,944 shares in the company, valued at approximately $39,015,070.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $384.54, for a total transaction of $7,568,131.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 490 shares of the 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 transaction, the chief operating officer now 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 sold 1,421,182 shares of company stock valued at $677,574,550. Corporate insiders own 13.75% of the company’s stock.

Meta Platforms Trading Down 4.1 %

NASDAQ:META opened at $481.07 on Friday. The stock has a fifty day simple moving average of $494.55 and a 200 day simple moving average of $398.64. The firm has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping 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 the consensus estimate of $39.12 billion. During the same period last year, the firm posted $3.00 earnings per share. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. Sell-side analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.42%. Meta Platforms’s dividend payout ratio is 13.42%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on META shares. Evercore ISI increased their target price on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company decreased their price target on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Wolfe Research upped their price target on Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial upped their price target on Meta Platforms from $525.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Monness Crespi & Hardt upped their price target on Meta Platforms from $370.00 to $540.00 and gave the stock 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-eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $519.53.

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.