Meta Platforms, Inc. (NASDAQ:META) Stake Raised by Invenio Wealth Partners LLC

Invenio Wealth Partners LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,984 shares of the social networking company’s stock after buying an additional 130 shares during the period. Meta Platforms makes up about 0.7% of Invenio Wealth Partners LLC’s investment portfolio, making the stock its 27th largest holding. Invenio Wealth Partners LLC’s holdings in Meta Platforms were worth $1,747,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on META. Bank of America increased their price target on Meta Platforms from $710.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Mizuho boosted their price target on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. UBS Group raised their price objective on shares of Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Barclays boosted their target price on shares of Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Citigroup raised their target price on shares of Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $718.55.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 921 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $595.00, for a total transaction of $547,995.00. Following the sale, the insider now directly owns 33,024 shares of the company’s stock, valued at $19,649,280. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 8,553 shares of the company’s stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the transaction, the chief financial officer now directly owns 51,793 shares of the company’s stock, valued at $38,154,349.31. The trade was a 14.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 583,505 shares of company stock valued at $385,495,911. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

Shares of META stock opened at $576.36 on Tuesday. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The business’s fifty day simple moving average is $654.50 and its 200-day simple moving average is $610.25. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.46 trillion, a PE ratio of 24.10, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $5.33 earnings per share. Analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

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

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.