Meta Platforms, Inc. (NASDAQ:META) is DMC Group LLC’s 4th Largest Position

DMC Group LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,565 shares of the social networking company’s stock after buying an additional 30 shares during the period. Meta Platforms comprises approximately 2.7% of DMC Group LLC’s holdings, making the stock its 4th biggest holding. DMC Group LLC’s holdings in Meta Platforms were worth $3,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in META. Abel Hall LLC increased its position in shares of Meta Platforms by 2.8% during the fourth quarter. Abel Hall LLC now owns 2,716 shares of the social networking company’s stock worth $1,590,000 after acquiring an additional 75 shares during the last quarter. Synergy Asset Management LLC grew its stake in Meta Platforms by 113.1% during the 4th quarter. Synergy Asset Management LLC now owns 65,932 shares of the social networking company’s stock valued at $38,680,000 after purchasing an additional 34,991 shares in the last quarter. Enzi Wealth raised its position in shares of Meta Platforms by 1.9% in the 4th quarter. Enzi Wealth now owns 1,098 shares of the social networking company’s stock valued at $685,000 after purchasing an additional 20 shares in the last quarter. Baron Wealth Management LLC boosted its stake in shares of Meta Platforms by 6.0% during the 4th quarter. Baron Wealth Management LLC now owns 652 shares of the social networking company’s stock valued at $381,000 after buying an additional 37 shares during the last quarter. Finally, Strategic Planning Group LLC grew its position in shares of Meta Platforms by 1.9% during the fourth quarter. Strategic Planning Group LLC now owns 16,465 shares of the social networking company’s stock worth $9,641,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 901 shares of Meta Platforms stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $567.70, for a total transaction of $511,497.70. Following the transaction, the insider now owns 30,581 shares in the company, valued at approximately $17,360,833.70. The trade was a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total value of $24,195,307.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 661,804 shares of company stock valued at $407,745,741. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

META opened at $689.18 on Monday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.74 trillion, a PE ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19. The business has a fifty day simple moving average of $613.60 and a 200-day simple moving average of $567.04. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week high of $710.79.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 39.74% and a net margin of 37.91%. During the same period in the previous year, the company posted $5.33 EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 25.44 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

Wall Street Analyst Weigh In

A number of research analysts have commented on META shares. Citigroup increased their price objective on shares of Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James reiterated a “strong-buy” rating and issued a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research note on Thursday. Stifel Nicolaus upped their price objective on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Oppenheimer lifted their target price on Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, KeyCorp upped their price target on Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $710.83.

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.