Dynamic Advisor Solutions LLC Raises Stock Holdings in Meta Platforms, Inc. $META

Dynamic Advisor Solutions LLC boosted its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,186 shares of the social networking company’s stock after purchasing an additional 1,195 shares during the quarter. Meta Platforms makes up 0.8% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 24th biggest position. Dynamic Advisor Solutions LLC’s holdings in Meta Platforms were worth $26,526,000 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. Westchester Capital Management Inc. purchased a new stake in Meta Platforms in the third quarter worth about $26,000. Bare Financial Services Inc bought a new position in shares of Meta Platforms during the second quarter valued at approximately $30,000. Knuff & Co LLC purchased a new position in shares of Meta Platforms during the second quarter valued at approximately $44,000. Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 64.8% in the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after purchasing an additional 35 shares in the last quarter. Finally, PMV Capital Advisers LLC boosted its position in shares of Meta Platforms by 26.3% in the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Meta Platforms from $880.00 to $920.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. DA Davidson boosted their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Rothschild & Co Redburn set a $900.00 target price on Meta Platforms in a research note on Monday, January 26th. Citigroup restated an “outperform” rating on shares of Meta Platforms in a report on Thursday, January 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $900.00 price target (up from $870.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $846.63.

Read Our Latest Stock Report on Meta Platforms

Meta Platforms Stock Performance

Shares of META opened at $594.89 on Thursday. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 0.92 and a beta of 1.30. The business’s fifty day simple moving average is $647.29 and its two-hundred day simple moving average is $669.74. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping the consensus estimate of $8.16 by $0.72. The firm had revenue of $59.89 billion during the quarter, compared to analysts’ expectations of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The company’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.02 earnings per share. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.94%.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 56,571 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 2,461 shares of the firm’s stock in a transaction dated Sunday, February 15th. The shares were sold at an average price of $639.77, for a total transaction of $1,574,473.97. Following the sale, the chief operating officer directly owned 12,108 shares in the company, valued at approximately $7,746,335.16. The trade was a 16.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 162,484 shares of company stock valued at $104,015,906. 13.61% of the stock is owned by insiders.

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Further Reading

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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