Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 736 shares of the social networking company’s stock after acquiring an additional 28 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Meta Platforms were worth $260,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of META. Peterson Wealth Advisors LLC raised its holdings 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 acquiring an additional 28 shares during the period. Edge Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 28 shares in the last quarter. Curated Wealth Partners LLC boosted its position in Meta Platforms by 1.8% during the fourth quarter. Curated Wealth Partners LLC now owns 1,602 shares of the social networking company’s stock valued at $567,000 after purchasing an additional 29 shares during the last quarter. Courier Capital LLC grew its stake in Meta Platforms by 1.7% in the fourth quarter. Courier Capital LLC now owns 1,843 shares of the social networking company’s stock valued at $652,000 after purchasing an additional 31 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Meta Platforms by 1.1% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,013 shares of the social networking company’s stock worth $905,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on META. Barclays raised their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Meta Platforms from $536.00 to $609.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Citigroup raised their target price on Meta Platforms from $440.00 to $525.00 and gave the company a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group upped their price target on Meta Platforms from $414.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Susquehanna raised their price objective on Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $496.35.

Insider Activity

In related news, CEO Mark Zuckerberg sold 1,064 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $351.51, for a total value of $374,006.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Mark Zuckerberg sold 1,064 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $351.51, for a total transaction of $374,006.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 8,036 shares of the firm’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 directly owns 18,432 shares in the company, valued at approximately $8,723,496.96. The disclosure for this sale can be found here. Insiders have sold 1,504,435 shares of company stock valued at $703,629,367 over the last 90 days. 13.75% of the stock is owned by company insiders.

Meta Platforms Price Performance

Shares of META traded down $8.28 during trading hours on Thursday, hitting $485.58. The stock had a trading volume of 15,191,214 shares, compared to its average volume of 17,907,553. The stock has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.28 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $202.54 and a 52 week high of $523.57. The company’s fifty day moving average is $464.84 and its two-hundred day moving average is $375.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same period in the previous year, the business posted $3.00 earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, analysts anticipate that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is 13.42%.

About Meta Platforms

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.