Wynn Capital LLC Takes $2.88 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Wynn Capital LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 8,126 shares of the social networking company’s stock, valued at approximately $2,876,000. Meta Platforms comprises approximately 2.3% of Wynn Capital LLC’s portfolio, making the stock its 7th largest holding.

Other large investors have also recently modified their holdings of the company. Stone House Investment Management LLC increased its stake in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. PayPay Securities Corp increased its stake in Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Meta Platforms during the 4th quarter valued at approximately $39,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock traded down $2.60 during trading hours on Wednesday, reaching $493.50. 36,273,029 shares of the stock were exchanged, compared to its average volume of 17,341,254. The stock has a market cap of $1.26 trillion, a P/E ratio of 33.12, a P/E/G ratio of 1.23 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $207.13 and a 52-week high of $531.49. The firm’s 50 day moving average is $495.52 and its 200 day moving average is $402.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data 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. The company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.00 earnings per share. Analysts predict that Meta Platforms, Inc. will post 20.18 EPS for the current fiscal 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 13.42%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $5,185,255.68. Following the completion of the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the sale, the chief financial officer now directly owns 76,398 shares in the company, valued at $36,157,645.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,368,244 shares of company stock valued at $657,034,449. 14.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on META shares. Benchmark restated a “hold” rating on shares of Meta Platforms in a research note on Monday. Citigroup upped their price objective on shares of Meta Platforms from $525.00 to $590.00 and gave the company a “buy” rating in a report on Monday, April 15th. Evercore ISI upped their price objective on shares of Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Piper Sandler upped their price objective on shares of Meta Platforms from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Meta Platforms from $420.00 to $535.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $520.28.

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.