Juncture Wealth Strategies LLC Grows Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Juncture Wealth Strategies LLC increased its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,524 shares of the social networking company’s stock after buying an additional 46 shares during the period. Juncture Wealth Strategies LLC’s holdings in Meta Platforms were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms during the 3rd quarter valued at $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the 4th quarter worth $41,000. Halpern Financial Inc. purchased a new position in shares of Meta Platforms in the third quarter worth $46,000. Finally, West Financial Advisors LLC bought a new position in shares of Meta Platforms during the third quarter valued at $49,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $674.33 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The stock’s fifty day moving average is $606.30 and its 200 day moving average is $562.78. The firm has a market capitalization of $1.70 trillion, a PE ratio of 31.76, a PEG ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week high of $682.58.

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 (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on META shares. BMO Capital Markets boosted their price objective on shares of Meta Platforms from $525.00 to $530.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Mizuho boosted their target price on shares of Meta Platforms from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research note on Monday. Citigroup upped their price objective on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus raised their target price on Meta Platforms from $590.00 to $663.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $654.20.

Read Our Latest Research Report on Meta Platforms

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 901 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $567.70, for a total value of $511,497.70. Following the transaction, the insider now directly owns 30,581 shares in the company, valued at approximately $17,360,833.70. This represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $644.76, for a total transaction of $23,160,423.96. The disclosure for this sale can be found here. Insiders sold a total of 602,612 shares of company stock worth $368,414,542 in the last quarter. 13.71% of the stock is owned by company insiders.

Meta Platforms Profile

(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.

Featured Stories

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.