Global Retirement Partners LLC Purchases 4,038 Shares of Meta Platforms, Inc. (NASDAQ:META)

Global Retirement Partners LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,744 shares of the social networking company’s stock after purchasing an additional 4,038 shares during the quarter. Global Retirement Partners LLC’s holdings in Meta Platforms were worth $7,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC lifted its holdings 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 worth $26,000 after acquiring an additional 75 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at about $26,000. Stephens Investment Management Group LLC purchased a new stake in shares of Meta Platforms in the second quarter valued at about $30,000. Beaird Harris Wealth Management LLC boosted its holdings in Meta Platforms by 68.9% during the third 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 in the last quarter. Finally, PayPay Securities Corp lifted its holdings in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on META shares. Wolfe Research upped their price target on shares of Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Barclays increased their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. TD Cowen raised their target price on shares of Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler lifted their target price on shares of Meta Platforms from $415.00 to $525.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Tigress Financial boosted their price objective on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 1,064 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $351.51, for a total value of $374,006.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,504,435 shares of company stock worth $703,629,367. Company insiders own 13.75% of the company’s stock.

Meta Platforms Stock Down 1.7 %

Shares of META stock traded down $8.28 during mid-day trading on Friday, hitting $485.58. 15,212,764 shares of the stock traded hands, compared to its average volume of 14,086,339. The stock has a market cap of $1.24 trillion, a P/E ratio of 32.59, a P/E/G ratio of 1.27 and a beta of 1.21. The stock’s fifty day moving average is $467.03 and its two-hundred day moving average is $376.07. Meta Platforms, Inc. has a 52-week low of $202.54 and a 52-week high of $523.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67.

Meta Platforms (NASDAQ:META) last issued 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 net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter last year, the company earned $3.00 EPS. The business’s revenue was up 24.7% on a year-over-year basis. Equities analysts predict that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Announces Dividend

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

Meta Platforms Profile

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.