Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Doliver Advisors LP

Doliver Advisors LP lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,351 shares of the social networking company’s stock after purchasing an additional 34 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Doliver Advisors LP’s portfolio, making the stock its 9th largest holding. Doliver Advisors LP’s holdings in Meta Platforms were worth $5,475,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. JDM Financial Group LLC purchased a new position in Meta Platforms during the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the 3rd quarter valued at approximately $36,000. Halpern Financial Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter valued at approximately $46,000. West Financial Advisors LLC acquired a new stake in Meta Platforms in the 3rd quarter valued at $49,000. Finally, Hoese & Co LLP increased its holdings in Meta Platforms by 2,000.0% in the 3rd quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock worth $60,000 after acquiring an additional 100 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $584.83, for a total transaction of $241,534.79. Following the completion of the sale, the chief operating officer now owns 11,533 shares in the company, valued at $6,744,844.39. This represents a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 84 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $600.00, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares of the company’s stock, valued at approximately $311,054,400. The trade was a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 326,624 shares of company stock worth $197,875,975. 13.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on META shares. Sanford C. Bernstein lifted their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price objective on Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research report on Thursday, October 31st. Wolfe Research boosted their price target on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Monness Crespi & Hardt increased their price objective on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $645.80.

Meta Platforms Stock Up 2.8 %

Shares of Meta Platforms stock traded up $16.87 during trading on Monday, hitting $621.50. 8,656,862 shares of the stock were exchanged, compared to its average volume of 10,817,803. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19. The firm’s 50-day moving average price is $589.88 and its 200 day moving average price is $549.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a 12-month low of $352.05 and a 12-month high of $638.40.

Meta Platforms (NASDAQ:META) last released 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 analysts’ expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 0.32%. Meta Platforms’s dividend payout ratio is presently 9.42%.

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.