Intergy Private Wealth LLC Has $1.26 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Intergy Private Wealth LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,152 shares of the social networking company’s stock after purchasing an additional 27 shares during the period. Intergy Private Wealth LLC’s holdings in Meta Platforms were worth $1,260,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the third quarter worth about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the 3rd quarter worth approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms during the 4th quarter worth approximately $41,000. West Financial Advisors LLC acquired a new stake in Meta Platforms during the 3rd quarter worth approximately $49,000. Finally, Cordant Inc. acquired a new stake in Meta Platforms during the 4th quarter worth approximately $59,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Monness Crespi & Hardt raised their target price on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen raised their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Roth Mkm raised their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a report on Monday, January 27th. Finally, Morgan Stanley raised their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two research 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, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $710.83.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 12,975 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $696.39, for a total value of $9,035,660.25. Following the sale, the chief executive officer now directly owns 210,971 shares in the company, valued at approximately $146,918,094.69. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction of $407,167.00. Following the transaction, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 673,878 shares of company stock valued at $416,269,904 over the last three months. 13.71% of the stock is owned by insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $704.19 on Wednesday. The firm has a market cap of $1.78 trillion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. 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’s fifty day moving average price is $618.86 and its two-hundred day moving average price is $570.21. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $710.79.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the firm earned $5.33 earnings per share. As a group, research analysts expect that Meta Platforms, Inc. will post 25.94 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.28%. Meta Platforms’s dividend payout ratio is 8.36%.

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.