Well Done LLC Grows Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Well Done LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,398 shares of the social networking company’s stock after acquiring an additional 136 shares during the period. Well Done LLC’s holdings in Meta Platforms were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC raised its position in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC raised its position in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares during the last quarter. Stephens Investment Management Group LLC purchased a new position in Meta Platforms during the 2nd quarter worth approximately $30,000. PayPay Securities Corp raised its position in Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Meta Platforms during the 3rd quarter worth approximately $40,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 1.2 %

NASDAQ META traded down $5.77 during trading on Thursday, hitting $488.09. The stock had a trading volume of 8,125,758 shares, compared to its average volume of 17,786,563. The company has a market capitalization of $1.24 trillion, a PE ratio of 32.84, a PEG ratio of 1.28 and a beta of 1.21. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $464.84 and a 200 day moving average price of $375.30. Meta Platforms, Inc. has a twelve month low of $202.54 and a twelve month high of $523.57.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the previous year, the company posted $3.00 earnings per share. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is presently 13.42%.

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 1,064 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $351.51, for a total value of $374,006.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Mark Zuckerberg sold 1,064 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $351.51, for a total value of $374,006.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $505.29, for a total value of $295,594.65. Following the completion of the transaction, the insider now directly owns 39,568 shares of the company’s stock, valued at $19,993,314.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,504,435 shares of company stock valued at $703,629,367. 13.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and set a $500.00 price target on shares of Meta Platforms in a research report on Monday, March 18th. Royal Bank of Canada raised their price objective on shares of Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wedbush raised their price objective on shares of Meta Platforms from $420.00 to $520.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer raised their price objective on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Raymond James raised their price objective on shares of Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.35.

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.