Meta Platforms, Inc. (NASDAQ:META) Holdings Increased by GSG Advisors LLC

GSG Advisors LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,818 shares of the social networking company’s stock after acquiring an additional 89 shares during the period. GSG Advisors LLC’s holdings in Meta Platforms were worth $1,065,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in META. PCA Investment Advisory Services Inc. boosted its stake in Meta Platforms by 3.6% during the fourth quarter. PCA Investment Advisory Services Inc. now owns 903 shares of the social networking company’s stock valued at $529,000 after buying an additional 31 shares in the last quarter. Global Financial Private Client LLC boosted its position in shares of Meta Platforms by 9.7% during the 4th quarter. Global Financial Private Client LLC now owns 4,059 shares of the social networking company’s stock valued at $2,377,000 after purchasing an additional 360 shares in the last quarter. Ayrshire Capital Management LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $322,000. Shira Ridge Wealth Management raised its holdings in shares of Meta Platforms by 4.9% in the 4th quarter. Shira Ridge Wealth Management now owns 1,833 shares of the social networking company’s stock worth $1,073,000 after purchasing an additional 85 shares in the last quarter. Finally, Code Waechter LLC lifted its stake in Meta Platforms by 25.8% during the fourth quarter. Code Waechter LLC now owns 1,073 shares of the social networking company’s stock valued at $628,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $580.65, for a total value of $239,808.45. Following the sale, the chief operating officer now owns 11,120 shares of the company’s stock, valued at approximately $6,456,828. This represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total transaction of $22,746,973.25. The disclosure for this sale can be found here. Insiders sold 423,427 shares of company stock worth $256,996,450 in the last 90 days. 13.71% of the stock is owned by company insiders.

Meta Platforms Trading Down 2.3 %

Shares of Meta Platforms stock opened at $594.25 on Wednesday. Meta Platforms, Inc. has a 52-week low of $358.61 and a 52-week high of $638.40. The firm has a market capitalization of $1.50 trillion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company’s fifty day moving average price is $595.02 and its two-hundred day moving average price is $554.81.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. On average, analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. 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 0.34%. Meta Platforms’s payout ratio is presently 9.42%.

Analyst Ratings Changes

META has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company raised their price objective on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup increased their target price on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wedbush upped their price target on Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Rosenblatt Securities restated a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a research report on Thursday, October 31st. Two equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $650.05.

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.