Meta Platforms, Inc. (NASDAQ:META) Stock Position Raised by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 71.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,419 shares of the social networking company’s stock after buying an additional 1,011 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Meta Platforms were worth $856,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Congress Park Capital LLC grew its position in shares of Meta Platforms by 2.9% during the 4th quarter. Congress Park Capital LLC now owns 20,872 shares of the social networking company’s stock valued at $7,388,000 after buying an additional 590 shares during the last quarter. MBA Advisors LLC boosted its stake in Meta Platforms by 3.2% during the 4th quarter. MBA Advisors LLC now owns 2,460 shares of the social networking company’s stock valued at $871,000 after purchasing an additional 76 shares during the period. Alliance Wealth Management Group acquired a new position in Meta Platforms during the 4th quarter valued at about $429,000. Kercheville Advisors LLC boosted its stake in Meta Platforms by 10.9% during the 4th quarter. Kercheville Advisors LLC now owns 13,740 shares of the social networking company’s stock valued at $4,863,000 after purchasing an additional 1,345 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Meta Platforms by 6.2% during the 4th quarter. Fifth Third Bancorp now owns 622,476 shares of the social networking company’s stock valued at $220,332,000 after purchasing an additional 36,455 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

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 shares were 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 approximately $36,157,645.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 1,064 shares of Meta Platforms stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $351.51, for a total transaction of $374,006.64. The disclosure for this sale can be found here. Insiders have sold 1,504,435 shares of company stock worth $703,629,367 in the last ninety days. Insiders own 13.75% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets boosted their target price on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Oppenheimer upped their price target on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler upped their price target on shares of Meta Platforms from $415.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt upped their price target on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.35.

Get Our Latest Research Report on Meta Platforms

Meta Platforms Stock Performance

NASDAQ:META opened at $485.58 on Monday. Meta Platforms, Inc. has a 1 year low of $202.54 and a 1 year high of $523.57. The firm’s fifty day simple moving average is $469.07 and its 200 day simple moving average is $378.34. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.24 trillion, a PE ratio of 32.59, a PEG ratio of 1.25 and a beta of 1.21.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $3.00 EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Dividend Announcement

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

Meta Platforms Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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