Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Everett Harris & Co. CA

Everett Harris & Co. CA grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,272 shares of the social networking company’s stock after acquiring an additional 237 shares during the quarter. Everett Harris & Co. CA’s holdings in Meta Platforms were worth $4,698,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of META. Stone House Investment Management LLC increased its holdings in shares of Meta Platforms by 625.0% in the third 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 during the period. MBM Wealth Consultants LLC purchased a new position in Meta Platforms during the 4th quarter worth approximately $26,000. Stephens Investment Management Group LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter valued at $30,000. Beaird Harris Wealth Management LLC increased its stake in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares during the period. Finally, PayPay Securities Corp raised its holdings in shares of Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $351.47, for a total value of $6,917,281.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 10,956 shares of Meta Platforms 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 $5,185,255.68. Following the completion of the sale, the chief financial officer now directly owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,504,435 shares of company stock worth $703,629,367. Insiders own 13.75% of the company’s stock.

Analyst Ratings Changes

META has been the topic of several analyst reports. Guggenheim increased their price target on Meta Platforms from $380.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wolfe Research upped their price objective on Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group lifted their target price on shares of Meta Platforms from $414.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Piper Sandler raised their price target on shares of Meta Platforms from $415.00 to $525.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Tigress Financial upped their price objective on shares of Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $496.35.

Meta Platforms Stock Down 1.7 %

Shares of NASDAQ:META traded down $8.28 on Thursday, hitting $485.58. 15,191,214 shares of the company’s stock were exchanged, compared to its average volume of 17,907,553. Meta Platforms, Inc. has a 1-year low of $202.54 and a 1-year high of $523.57. The company has a market capitalization of $1.24 trillion, a PE ratio of 32.84, a P/E/G ratio of 1.28 and a beta of 1.21. 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 firm’s 50-day moving average is $464.84 and its 200 day moving average is $375.30.

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

Meta Platforms Dividend Announcement

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

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.