Meta Platforms, Inc. $META Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,317 shares of the social networking company’s stock after buying an additional 1,926 shares during the period. Meta Platforms makes up about 1.2% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 16th largest holding. 180 Wealth Advisors LLC’s holdings in Meta Platforms were worth $10,771,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms during the 3rd quarter worth about $26,000. Bare Financial Services Inc acquired a new position in shares of Meta Platforms in the second quarter worth about $30,000. Knuff & Co LLC acquired a new position in shares of Meta Platforms in the second quarter worth about $44,000. PMV Capital Advisers LLC increased its position in shares of Meta Platforms by 26.3% in the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after acquiring an additional 20 shares in the last quarter. Finally, Evergreen Private Wealth LLC raised its holdings in shares of Meta Platforms by 64.8% during the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock valued at $65,000 after acquiring an additional 35 shares during the period. 79.91% of the stock is owned by institutional investors.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 926 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $605.38, for a total value of $560,581.88. Following the completion of the sale, the chief operating officer directly owned 13,335 shares of the company’s stock, valued at $8,072,742.30. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 56,571 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $644.70, for a total transaction of $36,471,323.70. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 162,484 shares of company stock valued at $104,015,906. 13.61% of the stock is owned by corporate insiders.

Meta Platforms News Summary

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

Meta Platforms Trading Up 0.3%

Shares of NASDAQ:META opened at $594.89 on Thursday. The firm has a fifty day moving average of $647.29 and a two-hundred day moving average of $669.74. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 0.92 and a beta of 1.30.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, March 16th. Meta Platforms’s payout ratio is currently 8.94%.

Analyst Ratings Changes

Several brokerages recently commented on META. Truist Financial upped their price target on shares of Meta Platforms from $875.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $900.00 price objective (up from $870.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Bank of America boosted their target price on shares of Meta Platforms from $810.00 to $885.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. KeyCorp decreased their target price on Meta Platforms from $875.00 to $835.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Monday, December 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $846.63.

View Our Latest Stock Report on META

About Meta Platforms

(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.

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

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