Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Mosley Wealth Management

Mosley Wealth Management boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,189 shares of the social networking company’s stock after buying an additional 127 shares during the quarter. Mosley Wealth Management’s holdings in Meta Platforms were worth $696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds 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 worth about $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at approximately $36,000. Millstone Evans Group LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $40,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms during the 4th quarter valued at approximately $41,000. Finally, Cordant Inc. acquired a new stake in Meta Platforms in the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $770.00 price objective (up from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. KeyCorp decreased their price target on shares of Meta Platforms from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Barclays boosted their price objective on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group raised their target price on Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price target on Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two investment 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $718.31.

Meta Platforms Price Performance

META stock opened at $619.55 on Tuesday. The business has a 50 day moving average price of $655.60 and a 200 day moving average price of $607.11. 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 stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $5.33 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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 issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. Meta Platforms’s payout ratio is presently 8.78%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the company’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the completion of the sale, the chief financial officer now directly owns 51,793 shares of the company’s stock, valued at $38,154,349.31. This represents a 14.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $589.16, for a total value of $243,323.08. Following the completion of the transaction, the chief operating officer now owns 17,514 shares in the company, valued at $10,318,548.24. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 585,605 shares of company stock worth $386,710,448 in the last 90 days. 13.71% of the stock is owned by insiders.

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.