Meta Platforms, Inc. (NASDAQ:META) is RPg Family Wealth Advisory LLC’s 5th Largest Position

RPg Family Wealth Advisory LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,394 shares of the social networking company’s stock after buying an additional 485 shares during the quarter. Meta Platforms comprises approximately 3.6% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 5th largest position. RPg Family Wealth Advisory LLC’s holdings in Meta Platforms were worth $10,184,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in META. Proficio Capital Partners LLC raised its position in Meta Platforms by 78,471.1% in the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock valued at $3,658,713,000 after purchasing an additional 6,240,810 shares during the period. Integrated Investment Consultants LLC raised its holdings in Meta Platforms by 61,769.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after buying an additional 4,126,190 shares during the period. Raymond James Financial Inc. acquired a new position in Meta Platforms in the fourth quarter valued at about $2,243,603,000. Strategic Financial Concepts LLC boosted its stake in Meta Platforms by 87,269.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after buying an additional 1,066,437 shares during the period. Finally, World Investment Advisors LLC increased its position in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 4,706 shares of Meta Platforms stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,466,769.02. Following the completion of the transaction, the chief operating officer now directly owns 20,935 shares of the company’s stock, valued at approximately $15,422,186.45. The trade was a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 921 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $595.00, for a total value of $547,995.00. Following the sale, the insider now owns 33,024 shares in the company, valued at approximately $19,649,280. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 653,450 shares of company stock valued at $427,997,036. 13.71% of the stock is owned by company insiders.

Meta Platforms Trading Down 0.4 %

NASDAQ:META opened at $604.90 on Tuesday. The company has a market capitalization of $1.53 trillion, a PE ratio of 25.29, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The stock’s 50 day moving average price is $657.51 and its 200 day moving average price is $604.41. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the firm earned $5.33 EPS. On average, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.35%. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio is 8.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Cantor Fitzgerald upped their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Citigroup boosted their price objective on Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Piper Sandler raised their target price on Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Scotiabank boosted their price target on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $719.26.

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.