One Wealth Advisors LLC Buys 1,729 Shares of Meta Platforms, Inc. $META

One Wealth Advisors LLC increased its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 25.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,392 shares of the social networking company’s stock after purchasing an additional 1,729 shares during the quarter. One Wealth Advisors LLC’s holdings in Meta Platforms were worth $6,163,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Meta Platforms by 0.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock valued at $2,587,000 after purchasing an additional 13 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Meta Platforms by 0.6% in the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after acquiring an additional 14 shares in the last quarter. Vista Capital Partners Inc. lifted its position in Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after purchasing an additional 14 shares during the last quarter. Trust Co of the South lifted its holdings in shares of Meta Platforms by 0.8% during the 3rd quarter. Trust Co of the South now owns 1,850 shares of the social networking company’s stock worth $1,359,000 after acquiring an additional 14 shares during the last quarter. Finally, Sentinel Pension Advisors LLC lifted its stake in Meta Platforms by 1.6% during the third quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock worth $672,000 after purchasing an additional 14 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $714.60, for a total transaction of $369,448.20. Following the sale, the chief operating officer directly owned 9,615 shares of the company’s stock, valued at $6,870,879. This trade represents a 5.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $658.69, for a total value of $341,860.11. Following the completion of the transaction, the insider directly owned 28,658 shares in the company, valued at approximately $18,876,738.02. This represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 39,594 shares of company stock valued at $24,325,407. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of META opened at $670.21 on Friday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a fifty day simple moving average of $656.48 and a two-hundred day simple moving average of $695.54. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.69 trillion, a PE ratio of 28.52, a P/E/G ratio of 1.14 and a beta of 1.28.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping the consensus estimate of $8.16 by $0.72. The firm had revenue of $59.89 billion for 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%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.02 EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a $0.525 dividend. The ex-dividend date was 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 8.94%.

Key Headlines Impacting Meta Platforms

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

Analyst Upgrades and Downgrades

META has been the subject of a number of recent research reports. Rosenblatt Securities boosted their price objective on shares of Meta Platforms from $1,117.00 to $1,144.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Rothschild & Co Redburn upgraded Meta Platforms from a “neutral” rating to a “buy” rating and boosted their price target for the company from $740.00 to $900.00 in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Meta Platforms from $880.00 to $920.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. BNP Paribas Exane assumed coverage on Meta Platforms in a report on Monday, November 24th. They set an “outperform” rating and a $800.00 target price on the stock. Finally, DA Davidson upped their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Five analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $848.50.

View Our Latest Stock Analysis 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.

See Also

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

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