TFG Advisers LLC Has $841,000 Stock Position in Meta Platforms, Inc. (NASDAQ:META)

TFG Advisers LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,436 shares of the social networking company’s stock after buying an additional 38 shares during the period. TFG Advisers LLC’s holdings in Meta Platforms were worth $841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in META. JDM Financial Group LLC acquired a new position in Meta Platforms during the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms during the 3rd quarter worth about $36,000. Avondale Wealth Management acquired a new position in Meta Platforms during the 4th quarter valued at about $41,000. Cordant Inc. acquired a new position in Meta Platforms during the 4th quarter valued at about $59,000. Finally, Reston Wealth Management LLC acquired a new position in Meta Platforms during the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the transaction, the chief operating officer now directly owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This trade represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,668 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $721.69, for a total transaction of $14,194,198.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 793,070 shares of company stock valued at $504,185,108. 13.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

META has been the topic of a number of research reports. Tigress Financial upped their target price on shares of Meta Platforms from $645.00 to $935.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Oppenheimer upped their target price on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Piper Sandler upped their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Finally, JMP Securities restated a “market outperform” rating and set a $750.00 target price on shares of Meta Platforms in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $717.90.

Meta Platforms Price Performance

Shares of META opened at $728.56 on Friday. The stock has a market capitalization of $1.85 trillion, a P/E ratio of 30.46, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $729.00. The company has a 50 day moving average of $636.47 and a 200-day moving average of $580.80. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $5.33 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is currently 8.36%.

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.