Personal CFO Solutions LLC Boosts Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Personal CFO Solutions LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,102 shares of the social networking company’s stock after acquiring an additional 220 shares during the quarter. Meta Platforms comprises 0.6% of Personal CFO Solutions LLC’s holdings, making the stock its 25th largest position. Personal CFO Solutions LLC’s holdings in Meta Platforms were worth $2,987,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on META shares. Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective for the company in a research report on Thursday, January 30th. JMP Securities reiterated a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a report on Monday, January 27th. Pivotal Research boosted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, January 30th. The Goldman Sachs Group increased their target price on shares of Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. Two research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $719.26.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 4,706 shares of the business’s stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,466,769.02. Following 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction 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 owns 51,793 shares of the company’s stock, valued at $38,154,349.31. This trade represents a 14.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 690,689 shares of company stock valued at $451,269,409. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Down 4.7 %

Shares of NASDAQ:META opened at $590.64 on Friday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market cap of $1.50 trillion, a P/E ratio of 24.69, a P/E/G ratio of 1.42 and a beta of 1.23. The firm has a fifty day moving average price of $657.96 and a 200 day moving average price of $602.00.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the business earned $5.33 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.36%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is presently 8.78%.

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.