Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Raised by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,603 shares of the social networking company’s stock after purchasing an additional 741 shares during the period. Meta Platforms accounts for about 0.8% of Schechter Investment Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Schechter Investment Advisors LLC’s holdings in Meta Platforms were worth $8,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Meta Platforms by 1.0% during the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock valued at $55,011,920,000 after purchasing an additional 1,733,182 shares during the last quarter. BlackRock Inc. increased its position in Meta Platforms by 1.9% in the second quarter. BlackRock Inc. now owns 155,776,067 shares of the social networking company’s stock worth $44,704,616,000 after buying an additional 2,841,147 shares during the period. FMR LLC lifted its stake in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after buying an additional 5,001,647 shares during the last quarter. State Street Corp boosted its holdings in shares of Meta Platforms by 1.8% during the second quarter. State Street Corp now owns 88,542,953 shares of the social networking company’s stock valued at $25,410,057,000 after acquiring an additional 1,548,671 shares during the period. Finally, Morgan Stanley grew its position in shares of Meta Platforms by 3.4% during the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after acquiring an additional 1,184,978 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the sale, the chief financial officer now owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,442,145 shares of company stock worth $665,553,088. Corporate insiders own 14.03% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several recent analyst reports. Sanford C. Bernstein upped their target price on shares of Meta Platforms from $435.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial boosted their price target on Meta Platforms from $405.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Evercore ISI upped their price objective on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, JMP Securities boosted their price target on shares of Meta Platforms from $410.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $496.35.

Meta Platforms Price Performance

Shares of NASDAQ META traded down $7.13 during mid-day trading on Tuesday, reaching $495.89. The company had a trading volume of 11,179,784 shares, compared to its average volume of 18,088,033. The firm has a market cap of $1.26 trillion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.31 and a beta of 1.21. The business’s 50-day simple moving average is $459.76 and its 200 day simple moving average is $373.07. Meta Platforms, Inc. has a one year low of $197.90 and a one year high of $523.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating the consensus estimate of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 EPS. On average, research analysts predict that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd will be issued a $0.50 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.