3,783 Shares in Meta Platforms, Inc. (NASDAQ:META) Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. purchased a new position in Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,783 shares of the social networking company’s stock, valued at approximately $1,339,000.

A number of other institutional investors have also recently bought and sold shares of META. Stone House Investment Management LLC boosted its position 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 worth $26,000 after acquiring an additional 75 shares during the period. Beaird Harris Wealth Management LLC boosted its position 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 worth $31,000 after acquiring an additional 42 shares during the period. PayPay Securities Corp boosted its position in Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after acquiring an additional 43 shares during the period. Cranbrook Wealth Management LLC boosted its position 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 worth $36,000 after acquiring an additional 45 shares during the period. Finally, Gilfoyle & Co LLC acquired a new stake in Meta Platforms during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 566 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $404.00, for a total transaction of $228,664.00. Following the completion of the transaction, the insider now directly owns 34,720 shares of the company’s stock, valued at approximately $14,026,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $501.18, for a total transaction of $245,578.20. Following the completion of the transaction, the chief operating officer now directly owns 7,089 shares of the company’s stock, valued at approximately $3,552,865.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 566 shares of Meta Platforms stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $404.00, for a total transaction of $228,664.00. Following the transaction, the insider now directly owns 34,720 shares of the company’s stock, valued at $14,026,880. The disclosure for this sale can be found here. In the last three months, insiders sold 1,349,148 shares of company stock valued at $649,552,559. Company insiders own 13.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on META shares. Bank of America raised their price objective on Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Benchmark restated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Oppenheimer decreased their price objective on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho lifted their price target on Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Jefferies Financial Group reduced their price target on Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $509.18.

Meta Platforms Stock Performance

NASDAQ META traded up $1.91 during midday trading on Friday, hitting $443.29. The company had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The company has a quick ratio of 2.67, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.13 and a beta of 1.20. The firm has a fifty day simple moving average of $494.48 and a two-hundred day simple moving average of $404.85. Meta Platforms, Inc. has a fifty-two week low of $229.85 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Equities analysts forecast that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s payout ratio is 11.49%.

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.