Paradigm Financial Partners LLC Purchases 107 Shares of Meta Platforms, Inc. (NASDAQ:META)

Paradigm Financial Partners LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 851 shares of the social networking company’s stock after purchasing an additional 107 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Meta Platforms were worth $301,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stone House Investment Management LLC raised its holdings in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after buying an additional 42 shares during the period. PayPay Securities Corp grew its holdings 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 acquiring an additional 43 shares during the period. Cranbrook Wealth Management LLC lifted its stake in Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after buying an additional 45 shares during the period. Finally, Gilfoyle & Co LLC bought a new position in Meta Platforms during the 4th quarter worth approximately $39,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $491.25, for a total value of $287,381.25. Following the completion of the transaction, the insider now directly owns 37,228 shares of the company’s stock, valued at $18,288,255. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total transaction of $287,381.25. Following the transaction, the insider now directly owns 37,228 shares of the company’s stock, valued at $18,288,255. The disclosure for this sale can be found here. Insiders have sold 1,277,048 shares of company stock worth $620,679,759 in the last quarter. Insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on META. JPMorgan Chase & Co. decreased their price objective on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a research report on Thursday. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a report on Thursday. Tigress Financial boosted their target price on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research note on Friday, February 9th. Sanford C. Bernstein cut their price objective on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Barclays decreased their target price on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.18.

Meta Platforms Stock Up 0.4 %

Shares of NASDAQ META opened at $443.29 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a 1 year low of $229.85 and a 1 year high of $531.49. The company has a 50 day simple moving average of $494.48 and a 200 day simple moving average of $405.39. The firm has a market cap of $1.13 trillion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, research analysts forecast that Meta Platforms, Inc. will post 20.2 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.45%. Meta Platforms’s payout ratio is 11.49%.

Meta Platforms Company 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.