Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,989 shares of the social networking company’s stock after acquiring an additional 410 shares during the period. Quotient Wealth Partners LLC’s holdings in Meta Platforms were worth $4,678,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new position in Meta Platforms in the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the 3rd quarter valued at about $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms during the 4th quarter valued at about $41,000. Cordant Inc. acquired a new position in shares of Meta Platforms during the 4th quarter valued at about $59,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Meta Platforms during the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,644 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.55, for a total transaction of $10,320,386.20. Following the sale, the chief financial officer now directly owns 46,769 shares of the company’s stock, valued at approximately $25,888,979.95. This represents a 28.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. This represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 793,070 shares of company stock valued at $504,185,108. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $736.67 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The business’s 50 day moving average is $638.73 and its two-hundred day moving average is $582.68.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the company posted $5.33 EPS. Analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on META shares. Arete Research raised shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Scotiabank upped their price objective on shares of Meta Platforms from $583.00 to $627.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Cantor Fitzgerald upped their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. DA Davidson upped their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. Two equities research 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, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.

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.