DHJJ Financial Advisors Ltd. Has $492,000 Stock Position in Meta Platforms, Inc. (NASDAQ:META)

DHJJ Financial Advisors Ltd. reduced its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 854 shares of the social networking company’s stock after selling 34 shares during the period. DHJJ Financial Advisors Ltd.’s holdings in Meta Platforms were worth $492,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Suvretta Capital Management LLC lifted its stake in shares of Meta Platforms by 1.1% in the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company’s stock valued at $99,735,000 after buying an additional 1,850 shares during the period. Skye Global Management LP raised its holdings in Meta Platforms by 130.9% in the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company’s stock valued at $44,616,000 after acquiring an additional 43,200 shares in the last quarter. Brueske Advisory Services LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth approximately $459,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Meta Platforms by 255.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,709,694 shares of the social networking company’s stock worth $1,001,044,000 after purchasing an additional 1,229,350 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Meta Platforms by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after purchasing an additional 110,040 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.2%

NASDAQ META opened at $695.77 on Thursday. The stock has a market capitalization of $1.75 trillion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a fifty day moving average of $612.33 and a 200-day moving average of $621.89.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $1.10. The business had revenue of $42.31 billion for the quarter, compared to analysts’ expectations of $41.45 billion. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.71 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.19%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 608 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $614.97, for a total transaction of $373,901.76. Following the completion of the sale, the chief operating officer now owns 6,838 shares in the company, valued at approximately $4,205,164.86. The trade was a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 5,057 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $3,334,383.52. Following the completion of the transaction, the chief technology officer now directly owns 16,463 shares in the company, valued at approximately $10,855,043.68. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,512 shares of company stock worth $73,590,232 in the last quarter. 13.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on META shares. UBS Group raised their target price on Meta Platforms from $650.00 to $683.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Pivotal Research reduced their price objective on shares of Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Loop Capital upped their target price on shares of Meta Platforms from $695.00 to $888.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Scotiabank dropped their price target on shares of Meta Platforms from $627.00 to $525.00 and set a “sector perform” rating for the company in a research report on Monday, April 21st. Finally, Oppenheimer lifted their price objective on Meta Platforms from $665.00 to $775.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $710.00.

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.