Nadler Financial Group Inc. Buys 128 Shares of Meta Platforms, Inc. (NASDAQ:META)

Nadler Financial Group Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,332 shares of the social networking company’s stock after purchasing an additional 128 shares during the period. Nadler Financial Group Inc.’s holdings in Meta Platforms were worth $1,533,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Meta Platforms by 1.0% in the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after purchasing an additional 1,733,182 shares during the last quarter. FMR LLC increased its position in shares of 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 acquiring an additional 5,001,647 shares during the period. Morgan Stanley increased its position in shares of Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock valued at $10,890,950,000 after acquiring an additional 1,184,978 shares during the period. Northern Trust Corp increased its position in shares of Meta Platforms by 4.3% in the third quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock valued at $6,906,009,000 after acquiring an additional 946,871 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,143,462 shares of the social networking company’s stock valued at $3,945,799,000 after acquiring an additional 111,735 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 0.6 %

NASDAQ META traded down $2.57 during trading on Friday, reaching $438.81. 19,389,490 shares of the company’s stock traded hands, compared to its average volume of 18,222,158. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. The company’s 50 day simple moving average is $495.08 and its two-hundred day simple moving average is $403.40. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.37%. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 20.18 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 11.49%.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The shares were 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 $36,157,645.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,349,148 shares of company stock valued at $649,552,559 in the last 90 days. Insiders own 13.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on META shares. Stifel Nicolaus boosted their price objective on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Mizuho upped their target price on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday. Roth Mkm increased their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Canaccord Genuity Group increased their price objective on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $509.18.

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.