Meta Platforms, Inc. (NASDAQ:META) Shares Bought by PCA Investment Advisory Services Inc.

PCA Investment Advisory Services Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 903 shares of the social networking company’s stock after purchasing an additional 31 shares during the period. PCA Investment Advisory Services Inc.’s holdings in Meta Platforms were worth $529,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its stake in Meta Platforms by 57,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after purchasing an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC raised its stake in Meta Platforms by 61,769.3% during 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 purchasing an additional 4,126,190 shares during the period. Sustainable Growth Advisers LP purchased a new stake in shares of Meta Platforms in the second quarter valued at $595,152,000. World Investment Advisors LLC boosted its position in shares of Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after buying an additional 890,434 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after buying an additional 698,884 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 2.3 %

META stock opened at $594.25 on Wednesday. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. 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 company has a market cap of $1.50 trillion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The business’s 50-day simple moving average is $595.02 and its 200 day simple moving average is $554.81.

Meta Platforms (NASDAQ:META) last announced 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 during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, research analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is 9.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $574.70, for a total transaction of $520,103.50. Following the completion of the transaction, the insider now owns 32,387 shares in the company, valued at $18,612,808.90. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 12,975 shares of Meta Platforms 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 sale, the chief executive officer now directly owns 381,290 shares in the company, valued at $234,649,678.90. The trade was a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 423,427 shares of company stock valued at $256,996,450. Company insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several research analyst reports. Citigroup increased their price objective on Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Piper Sandler increased their price target on shares of Meta Platforms from $650.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group boosted their price objective on shares of Meta Platforms from $555.00 to $636.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Stifel Nicolaus increased their target price on shares of Meta Platforms from $590.00 to $663.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Barclays lifted their target price on shares of 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 issued a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $650.05.

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.