Meta Platforms, Inc. (NASDAQ:META) Stake Boosted by Avaii Wealth Management LLC

Avaii Wealth Management LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,672 shares of the social networking company’s stock after buying an additional 18 shares during the period. Meta Platforms accounts for approximately 3.4% of Avaii Wealth Management LLC’s portfolio, making the stock its 8th largest position. Avaii Wealth Management LLC’s holdings in Meta Platforms were worth $6,834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JDM Financial Group LLC purchased a new stake in Meta Platforms in the third quarter worth $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the 3rd quarter worth about $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms in the 4th quarter worth about $41,000. Halpern Financial Inc. purchased a new position in Meta Platforms during the 3rd quarter valued at about $46,000. Finally, West Financial Advisors LLC bought a new stake in Meta Platforms during the third quarter worth about $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, CAO Aaron Anderson sold 731 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $673.57, for a total value of $24,195,307.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 661,312 shares of company stock worth $407,377,422. Insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on META. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their price objective on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research note on Monday, January 6th. UBS Group increased their target price on Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets upped their price target 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. Finally, Stifel Nicolaus increased their price objective on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.41.

Get Our Latest Analysis on META

Meta Platforms Stock Up 0.3 %

META opened at $676.49 on Thursday. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week high of $682.58. 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 has a market cap of $1.71 trillion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The firm’s fifty day moving average is $608.52 and its 200 day moving average is $563.58.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. During the same period last year, the business earned $5.33 earnings per share. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Meta Platforms Company 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.

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

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