180 Wealth Advisors LLC Purchases 1,926 Shares of Meta Platforms, Inc. $META

180 Wealth Advisors LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 13.4% in the fourth quarter, Holdings Channel reports. The fund owned 16,317 shares of the social networking company’s stock after acquiring an additional 1,926 shares during the period. Meta Platforms accounts for 1.2% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. 180 Wealth Advisors LLC’s holdings in Meta Platforms were worth $10,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after acquiring an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Meta Platforms during the second quarter worth $213,000. Finally, Capital & Planning LLC acquired a new position in Meta Platforms during the 2nd quarter valued at $322,000. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on META. Rothschild & Co Redburn set a $900.00 price target on shares of Meta Platforms in a research report on Monday, January 26th. Raymond James Financial cut their price objective on shares of Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research report on Monday, January 26th. Jefferies Financial Group increased their target price on shares of Meta Platforms from $910.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their price objective on Meta Platforms from $849.00 to $856.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Guggenheim upped their target price on Meta Platforms from $800.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $846.63.

View Our Latest Stock Report on Meta Platforms

Meta Platforms Stock Up 0.3%

NASDAQ META opened at $594.89 on Thursday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 25.31, a PEG ratio of 0.92 and a beta of 1.30. The stock’s 50 day moving average is $647.29 and its two-hundred day moving average is $669.74. 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 issued its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. The business 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%.Meta Platforms’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.02 EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.525 per share. 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 is currently 8.94%.

Insider Buying and Selling at Meta Platforms

In related news, CFO Susan J. Li sold 56,571 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 2,461 shares of Meta Platforms 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 transaction, the chief operating officer directly owned 12,108 shares of the company’s stock, valued at $7,746,335.16. This represents a 16.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 162,484 shares of company stock valued at $104,015,906. 13.61% of the stock is currently owned by company insiders.

Meta Platforms News Roundup

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About Meta Platforms

(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.

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

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