Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Tanager Wealth Management LLP

Tanager Wealth Management LLP increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 45.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,497 shares of the social networking company’s stock after purchasing an additional 4,214 shares during the period. Meta Platforms accounts for about 0.9% of Tanager Wealth Management LLP’s holdings, making the stock its 25th biggest holding. Tanager Wealth Management LLP’s holdings in Meta Platforms were worth $4,777,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WoodTrust Financial Corp increased its stake in Meta Platforms by 1.8% during the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after buying an additional 27 shares during the period. Tennessee Valley Asset Management Partners boosted its holdings in Meta Platforms by 0.6% in 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 last quarter. Peterson Wealth Advisors LLC grew its stake in Meta Platforms by 1.9% during the 4th 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 in the last quarter. Edge Wealth Management LLC grew its stake in Meta Platforms by 4.0% during the 4th 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 in the last quarter. Finally, Yarger Wealth Strategies LLC increased its holdings in Meta Platforms by 4.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock worth $260,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on META. Evercore ISI increased their price target on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $535.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Finally, Raymond James lifted their price target on shares of Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $519.53.

Meta Platforms Price Performance

Shares of NASDAQ META traded down $20.73 during trading on Friday, reaching $481.07. The company had a trading volume of 25,192,554 shares, compared to its average volume of 17,158,529. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The business’s 50 day moving average price is $494.29 and its 200-day moving average price is $397.43. The stock has a market cap of $1.23 trillion, a PE ratio of 32.93, a PEG ratio of 1.26 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.00 earnings per share. Analysts expect that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.42%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $498.59, for a total transaction of $291,675.15. Following the transaction, the insider now owns 37,813 shares in the company, valued at $18,853,183.67. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction 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 sale, the chief technology officer now owns 18,432 shares in the company, valued at approximately $8,723,496.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total value of $291,675.15. Following the completion of the transaction, the insider now directly owns 37,813 shares of the company’s stock, valued at $18,853,183.67. The disclosure for this sale can be found here. Insiders have sold 1,421,182 shares of company stock worth $677,574,550 in the last three months. Insiders own 13.75% of the company’s stock.

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.