Financial Planning Hawaii Inc. Makes New Investment in Meta Platforms, Inc. $META

Financial Planning Hawaii Inc. purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,183 shares of the social networking company’s stock, valued at approximately $781,000.

Other large investors have also modified their holdings of the company. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the third quarter valued at about $26,000. Bare Financial Services Inc bought a new position in shares of Meta Platforms in the second quarter worth about $30,000. Knuff & Co LLC bought a new position in shares of Meta Platforms in the second quarter worth about $44,000. PMV Capital Advisers LLC lifted its position in shares of Meta Platforms by 26.3% during the 4th quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after purchasing an additional 20 shares during the last quarter. Finally, Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 64.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after purchasing an additional 35 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 2,461 shares of the company’s stock in a transaction dated Sunday, February 15th. The shares were sold at an average price of $639.77, for a total transaction of $1,574,473.97. Following the transaction, the chief operating officer owned 12,108 shares in the company, valued at $7,746,335.16. This represents a 16.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 8,089 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the sale, the chief technology officer directly owned 2,841 shares in the company, valued at approximately $1,793,352.84. This represents a 74.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 161,448 shares of company stock valued at $103,333,788. 13.61% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Meta Platforms

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

Analyst Ratings Changes

A number of research firms have issued reports on META. Rosenblatt Securities raised their target price on Meta Platforms from $1,117.00 to $1,144.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Evercore upped their price target on Meta Platforms from $875.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Wolfe Research reissued an “outperform” rating and issued a $850.00 price objective (up from $800.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Canaccord Genuity Group raised their price objective on shares of Meta Platforms from $900.00 to $930.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Scotiabank upped their target price on shares of Meta Platforms from $685.00 to $700.00 and gave the company a “sector perform” rating in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $843.57.

View Our Latest Stock Analysis on META

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $574.46 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock has a market capitalization of $1.45 trillion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.31. The company has a 50-day simple moving average of $637.79 and a 200 day simple moving average of $659.88. 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 (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. The company had revenue of $59.89 billion during the quarter, compared to analysts’ expectations of $58.33 billion. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. Meta Platforms’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.02 earnings per share. Research 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 disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s payout ratio is currently 8.94%.

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.

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

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