RMR Wealth Builders Has $6.93 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

RMR Wealth Builders raised its position in Meta Platforms, Inc. (NASDAQ:META) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,830 shares of the social networking company’s stock after acquiring an additional 556 shares during the period. Meta Platforms comprises approximately 0.7% of RMR Wealth Builders’ holdings, making the stock its 24th largest holding. RMR Wealth Builders’ holdings in Meta Platforms were worth $6,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Lynch & Associates IN increased its holdings in Meta Platforms by 1.7% in the 4th quarter. Lynch & Associates IN now owns 1,834 shares of the social networking company’s stock valued at $1,074,000 after buying an additional 31 shares during the period. Atlas Brown Inc. grew its stake in shares of Meta Platforms by 1.1% in the 4th quarter. Atlas Brown Inc. now owns 5,864 shares of the social networking company’s stock valued at $3,433,000 after purchasing an additional 63 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in shares of Meta Platforms by 22.5% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the social networking company’s stock worth $348,000 after buying an additional 109 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of Meta Platforms by 60.8% during the 4th quarter. HBW Advisory Services LLC now owns 10,395 shares of the social networking company’s stock worth $6,087,000 after buying an additional 3,932 shares during the period. Finally, Heartwood Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 3.4% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 962 shares of the social networking company’s stock valued at $563,000 after acquiring an additional 32 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other news, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the transaction, the chief financial officer now directly owns 51,591 shares in the company, valued at approximately $29,776,261.56. The trade was a 14.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 84 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were 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. This represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 410,536 shares of company stock valued at $249,024,275. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $5.14 during midday trading on Friday, hitting $615.86. 19,216,416 shares of the company’s stock were exchanged, compared to its average volume of 13,336,346. The firm has a market capitalization of $1.55 trillion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $592.65 and its 200 day moving average price is $552.16. Meta Platforms, Inc. has a 12 month low of $358.61 and a 12 month high of $638.40.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The company 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 predict that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Analyst Ratings Changes

Several equities analysts recently issued reports on META shares. KeyCorp lifted their price target on shares of Meta Platforms from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group increased their price target on Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Wells Fargo & Company reduced their price objective on Meta Platforms from $652.00 to $641.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Bank of America raised their target price on Meta Platforms from $630.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wedbush upped their price target on shares of Meta Platforms from $640.00 to $680.00 and gave the stock an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned 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 $646.90.

Meta Platforms 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.