Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Mather Group LLC.

Mather Group LLC. increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,922 shares of the social networking company’s stock after acquiring an additional 1,593 shares during the quarter. Mather Group LLC.’s holdings in Meta Platforms were worth $7,759,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bridgewealth Advisory Group LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $216,000. Vantage Financial Partners LLC grew its holdings in Meta Platforms by 3.2% in the 4th quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company’s stock worth $468,000 after buying an additional 41 shares in the last quarter. Blue Chip Partners LLC raised its stake in Meta Platforms by 3.9% during the 4th quarter. Blue Chip Partners LLC now owns 835 shares of the social networking company’s stock valued at $296,000 after acquiring an additional 31 shares in the last quarter. Marco Investment Management LLC raised its stake in Meta Platforms by 2.1% during the 4th quarter. Marco Investment Management LLC now owns 11,501 shares of the social networking company’s stock valued at $4,071,000 after acquiring an additional 237 shares in the last quarter. Finally, MGO Private Wealth LLC acquired a new position in Meta Platforms during the 4th quarter worth $213,000. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 585 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $491.25, for a total transaction of $287,381.25. Following the completion of the transaction, the insider now directly owns 37,228 shares of the company’s stock, valued at $18,288,255. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total value of $287,381.25. Following the completion of the sale, the insider now directly owns 37,228 shares in the company, valued at approximately $18,288,255. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,277,048 shares of company stock worth $620,679,759. Corporate insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets boosted their price target 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 decreased their price objective on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a report on Thursday. Barclays dropped their target price on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Truist Financial decreased their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $509.18.

Meta Platforms Price Performance

NASDAQ META traded down $7.07 on Monday, hitting $436.22. 6,052,504 shares of the company were exchanged, compared to its average volume of 18,230,281. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.11 trillion, a P/E ratio of 25.46, a P/E/G ratio of 1.15 and a beta of 1.20. The firm has a 50 day moving average of $494.48 and a two-hundred day moving average of $405.39. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. On average, equities analysts predict that Meta Platforms, Inc. will post 20.2 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

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.