Private Capital Advisors Inc. Increases Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Private Capital Advisors Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,529 shares of the social networking company’s stock after buying an additional 213 shares during the quarter. Meta Platforms makes up approximately 1.8% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. Private Capital Advisors Inc.’s holdings in Meta Platforms were worth $15,533,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. JDM Financial Group LLC purchased a new position in shares of Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the third quarter valued at approximately $36,000. Avondale Wealth Management purchased a new position in Meta Platforms in the fourth quarter worth $41,000. Halpern Financial Inc. acquired a new position in shares of Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter valued at $49,000. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $644.76, for a total transaction of $23,160,423.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 901 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $567.70, for a total value of $511,497.70. Following the completion of the sale, the insider now owns 30,581 shares of the company’s stock, valued at approximately $17,360,833.70. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 603,032 shares of company stock valued at $368,666,614 in the last ninety days. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ:META opened at $659.88 on Tuesday. The stock has a 50 day moving average of $604.04 and a two-hundred day moving average of $561.55. Meta Platforms, Inc. has a 12 month low of $387.10 and a 12 month high of $663.87. The firm has a market cap of $1.67 trillion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. On average, analysts expect that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.30%. Meta Platforms’s payout ratio is 9.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on META. JMP Securities reaffirmed a “market outperform” rating and set a $750.00 target price on shares of Meta Platforms in a research report on Monday. Piper Sandler upped their price objective on shares of Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. BMO Capital Markets lifted their target price on shares of Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Bank of America upped their price target on shares of Meta Platforms from $660.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays lifted their price objective on shares of Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $654.20.

View Our Latest Analysis on Meta Platforms

About Meta Platforms

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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