Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Consilio Wealth Advisors LLC

Consilio Wealth Advisors LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 6.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,622 shares of the social networking company’s stock after buying an additional 388 shares during the quarter. Meta Platforms accounts for about 1.6% of Consilio Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Consilio Wealth Advisors LLC’s holdings in Meta Platforms were worth $3,877,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $41,000. Halpern Financial Inc. purchased a new position in Meta Platforms in the 3rd quarter valued at approximately $46,000. Finally, West Financial Advisors LLC purchased a new position in Meta Platforms in the 3rd quarter valued at approximately $49,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on META. Wells Fargo & Company raised their price objective on Meta Platforms from $641.00 to $685.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley raised their price objective on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research note on Monday. Wedbush raised their price objective on Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price objective on Meta Platforms from $555.00 to $636.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Barclays raised their price objective on Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $650.05.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $608.33 on Tuesday. The business’s fifty day moving average price is $594.58 and its 200 day moving average price is $554.18. The stock has a market capitalization of $1.54 trillion, a P/E ratio of 28.65, a PEG ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, research analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Insiders Place Their Bets

In other Meta Platforms news, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the transaction, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at $1,901,598. This represents a 17.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 12,975 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $615.41, for a total value of $7,984,944.75. Following the transaction, the chief executive officer now owns 381,290 shares of the company’s stock, valued at approximately $234,649,678.90. This trade represents a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 423,427 shares of company stock worth $256,996,450 over the last quarter. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Company 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.