Mosaic Financial Group LLC Invests $367,000 in Meta Platforms, Inc. (NASDAQ:META)

Mosaic Financial Group LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 626 shares of the social networking company’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JDM Financial Group LLC acquired a new position in shares of Meta Platforms during the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms during the 3rd quarter worth $36,000. Millstone Evans Group LLC acquired a new position in Meta Platforms during the 4th quarter worth $40,000. Avondale Wealth Management bought a new position in shares of Meta Platforms in the fourth quarter worth $41,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at $43,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.1 %

META opened at $576.36 on Tuesday. The firm has a market cap of $1.46 trillion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The business has a 50 day moving average price of $654.50 and a 200 day moving average price of $610.25. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.

Meta Platforms (NASDAQ:META) last issued 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 net margin of 37.91% and a return on equity of 38.17%. During the same period in the previous year, the business earned $5.33 earnings per share. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $631.55, for a total value of $571,552.75. Following the transaction, the insider now directly owns 32,010 shares of the company’s stock, valued at $20,215,915.50. The trade was a 2.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 608 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $614.97, for a total value of $373,901.76. Following the completion of the sale, the chief operating officer now directly owns 6,838 shares of the company’s stock, valued at $4,205,164.86. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 583,505 shares of company stock worth $385,495,911. Company insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Raymond James reiterated a “strong-buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Piper Sandler increased their price target on Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets boosted their price objective on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $718.55.

About Meta Platforms

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.