Meta Platforms, Inc. $META Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,927 shares of the social networking company’s stock after purchasing an additional 4,273 shares during the period. CreativeOne Wealth LLC’s holdings in Meta Platforms were worth $30,791,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of META. Goldstone Financial Group LLC raised its position in Meta Platforms by 44.4% in the third quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company’s stock worth $2,756,000 after acquiring an additional 1,153 shares in the last quarter. CW Advisors LLC boosted its position 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 valued at $130,467,000 after purchasing an additional 38,432 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Meta Platforms by 34.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company’s stock valued at $38,373,000 after purchasing an additional 13,311 shares in the last quarter. Cherokee Insurance Co acquired a new position in shares of Meta Platforms in the 2nd quarter worth approximately $3,321,000. Finally, Becker Capital Management Inc. grew its stake in shares of Meta Platforms by 5.0% in the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company’s stock worth $25,741,000 after purchasing an additional 1,657 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Up 0.1%

Shares of NASDAQ META opened at $654.86 on Thursday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The business has a 50-day moving average price of $654.42 and a two-hundred day moving average price of $679.16. The firm has a market capitalization of $1.66 trillion, a PE ratio of 27.87, a PEG ratio of 1.01 and a beta of 1.30.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. The company had revenue of $59.89 billion for the quarter, compared to the consensus estimate of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.02 EPS. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 16th. Meta Platforms’s dividend payout ratio is currently 8.94%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction on Monday, March 9th. The shares were sold at an average price of $634.94, for a total transaction of $587,954.44. Following the completion of the sale, the chief operating officer owned 15,187 shares of the company’s stock, valued at $9,642,833.78. This trade represents a 5.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 56,571 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 161,446 shares of company stock worth $103,451,688 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Trending Headlines about Meta Platforms

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group reissued a “buy” rating and set a $872.00 target price (up from $830.00) on shares of Meta Platforms in a research note on Thursday, January 29th. Citizens Jmp restated an “outperform” rating and issued a $900.00 price target (up from $750.00) on shares of Meta Platforms in a research report on Monday, November 24th. BNP Paribas Exane began coverage on Meta Platforms in a report on Monday, November 24th. They issued an “outperform” rating and a $800.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research report on Monday, December 29th. Finally, Raymond James Financial reduced their price objective on Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $844.44.

View Our Latest Stock Report on Meta Platforms

Meta Platforms 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

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

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