360 Shares in Meta Platforms, Inc. (NASDAQ:META) Purchased by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 360 shares of the social networking company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Benchmark Financial Wealth Advisors LLC grew its position in Meta Platforms by 1.6% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 3,269 shares of the social networking company’s stock worth $1,587,000 after purchasing an additional 50 shares during the last quarter. Edge Financial Advisors LLC bought a new position in Meta Platforms in the 1st quarter worth about $270,000. China Universal Asset Management Co. Ltd. grew its position in Meta Platforms by 48.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,191 shares of the social networking company’s stock worth $23,886,000 after purchasing an additional 16,138 shares during the last quarter. SeaBridge Investment Advisors LLC grew its position in Meta Platforms by 234.1% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 8,723 shares of the social networking company’s stock worth $4,236,000 after purchasing an additional 6,112 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Meta Platforms in the 1st quarter worth about $22,878,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, Director Peggy Alford sold 1,052 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $479.00, for a total transaction of $503,908.00. Following the transaction, the director now owns 6,168 shares in the company, valued at $2,954,472. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Meta Platforms news, Director Peggy Alford sold 1,052 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $479.00, for a total transaction of $503,908.00. Following the transaction, the director now owns 6,168 shares in the company, valued at $2,954,472. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 6,534 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $505.04, for a total value of $3,299,931.36. Following the transaction, the chief executive officer now owns 116,108 shares in the company, valued at approximately $58,639,184.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 251,092 shares of company stock worth $132,865,496 over the last 90 days. Insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Bank of America upped their target price on shares of Meta Platforms from $630.00 to $660.00 and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Meta Platforms from $525.00 to $585.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on shares of Meta Platforms from $652.00 to $641.00 and set an “overweight” rating for the company in a report on Friday. Loop Capital increased their price objective on shares of Meta Platforms from $550.00 to $575.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group increased their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $634.10.

Meta Platforms Price Performance

Shares of META opened at $567.16 on Monday. The firm has a market cap of $1.43 trillion, a PE ratio of 26.72, a PEG ratio of 1.36 and a beta of 1.22. The firm’s 50 day moving average price is $555.99 and its 200 day moving average price is $513.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.83 and a current ratio of 2.73. Meta Platforms, Inc. has a twelve month low of $308.33 and a twelve month high of $602.95.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data 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. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, research analysts expect that Meta Platforms, Inc. will post 21.84 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

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.