Brady Family Wealth LLC Has $5.13 Million Position in Meta Platforms, Inc. $META

Brady Family Wealth LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 14.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,989 shares of the social networking company’s stock after acquiring an additional 885 shares during the period. Meta Platforms comprises 1.6% of Brady Family Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. Brady Family Wealth LLC’s holdings in Meta Platforms were worth $5,133,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Infusive Asset Management Inc. increased its position in Meta Platforms by 10.7% in the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after buying an additional 2,285 shares during the last quarter. Spirepoint Private Client LLC boosted its stake in Meta Platforms by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after buying an additional 109 shares during the period. Diversify Advisory Services LLC raised its stake in Meta Platforms by 10.4% in the second quarter. Diversify Advisory Services LLC now owns 55,431 shares of the social networking company’s stock valued at $43,790,000 after purchasing an additional 5,224 shares in the last quarter. CW Advisors LLC lifted its holdings in shares of Meta Platforms by 27.8% during the 2nd quarter. CW Advisors LLC now owns 176,762 shares of the social networking company’s stock worth $130,467,000 after acquiring an additional 38,432 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Meta Platforms by 11.0% during the second quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company’s stock valued at $155,387,000 after acquiring an additional 20,912 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research cut Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Citigroup reissued a “buy” rating on shares of Meta Platforms in a research report on Thursday, December 4th. Jefferies Financial Group lowered their price target on Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, DA Davidson set a $825.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $818.59.

Check Out Our Latest Analysis on META

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $661.50 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock’s 50-day simple moving average is $658.67 and its 200-day simple moving average is $707.27. The company has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.38 and a beta of 1.28.

Meta Platforms (NASDAQ:METAGet Free Report) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter in the previous year, the firm earned $6.03 earnings per share. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 15th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 9.28%.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 11,690 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $593.31, for a total transaction of $6,935,793.90. Following the sale, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at $1,432,843.65. The trade was a 82.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Aaron Anderson sold 726 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total transaction of $429,501.60. Following the completion of the sale, the chief accounting officer directly owned 6,035 shares in the company, valued at approximately $3,570,306. This represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,038 shares of company stock valued at $25,675,535 in the last quarter. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Further Reading

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

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