Great Valley Advisor Group Inc. Has $9.46 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Great Valley Advisor Group Inc. raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,728 shares of the social networking company’s stock after buying an additional 4,298 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Meta Platforms were worth $9,461,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Addison Advisors LLC increased its position in shares of Meta Platforms by 3.9% during the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after purchasing an additional 25 shares during the period. WoodTrust Financial Corp increased its position in shares of Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after purchasing an additional 27 shares during the period. Tennessee Valley Asset Management Partners increased its position in shares of Meta Platforms by 0.6% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after purchasing an additional 27 shares during the period. Peterson Wealth Advisors LLC increased its position in shares of Meta Platforms by 1.9% during the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after purchasing an additional 28 shares during the period. Finally, Edge Wealth Management LLC increased its position in shares of Meta Platforms by 4.0% during the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after purchasing an additional 28 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Up 2.1 %

NASDAQ:META traded up $9.02 during mid-day trading on Wednesday, hitting $439.19. The company had a trading volume of 20,312,433 shares, compared to its average volume of 18,452,602. Meta Platforms, Inc. has a fifty-two week low of $229.85 and a fifty-two week high of $531.49. The business’s fifty day moving average is $492.83 and its two-hundred day moving average is $406.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $1.12 trillion, a P/E ratio of 25.36, a P/E/G ratio of 1.12 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. As a group, research analysts expect that Meta Platforms, Inc. will post 20.17 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is 11.49%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on META shares. Citigroup lowered their price objective on Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Evercore ISI upped their price target on Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. UBS Group lowered their price target on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Susquehanna upped their price target on Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Finally, Loop Capital lowered their price target on Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $513.55.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now directly owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Javier Olivan sold 7,556 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,576,103.68. Following the completion of the transaction, the chief operating officer now directly owns 77,569 shares in the company, valued at $36,711,856.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the transaction, the chief technology officer now owns 18,432 shares of the company’s stock, valued at $8,723,496.96. The disclosure for this sale can be found here. Insiders sold 1,257,291 shares of company stock worth $612,916,087 over the last ninety days. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Company 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.