Meta Platforms, Inc. $META Shares Acquired by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 116.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,683 shares of the social networking company’s stock after acquiring an additional 906 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Meta Platforms were worth $1,111,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms in the 3rd quarter valued at about $26,000. Bare Financial Services Inc purchased a new position in shares of Meta Platforms in the 2nd quarter valued at about $30,000. Knuff & Co LLC acquired a new position in shares of Meta Platforms during the second quarter worth about $44,000. Evergreen Private Wealth LLC grew its position in shares of Meta Platforms by 64.8% during the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after buying an additional 35 shares in the last quarter. Finally, PMV Capital Advisers LLC increased its stake in shares of Meta Platforms by 26.3% during the fourth quarter. PMV Capital Advisers LLC now owns 96 shares of the social networking company’s stock worth $63,000 after buying an additional 20 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on META shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Meta Platforms from $880.00 to $920.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Tigress Financial increased their price objective on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 18th. Monness Crespi & Hardt raised their price objective on shares of Meta Platforms from $808.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Stifel Nicolaus lifted their price objective on shares of Meta Platforms from $785.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group boosted their target price on shares of Meta Platforms from $910.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $846.63.

View Our Latest Report on META

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $594.89 on Thursday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 25.31, a PEG ratio of 0.92 and a beta of 1.30. The company has a 50-day simple moving average of $647.29 and a 200-day simple moving average of $669.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. The firm had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the company posted $8.02 earnings per share. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is 8.94%.

Insider Activity

In related news, COO Javier Olivan sold 2,461 shares of Meta Platforms stock in a transaction on Sunday, February 15th. The shares were sold at an average price of $639.77, for a total value of $1,574,473.97. Following the transaction, the chief operating officer directly owned 12,108 shares in the company, valued at $7,746,335.16. This trade represents a 16.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Andrew Bosworth sold 8,089 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer directly owned 2,841 shares in the company, valued at $1,793,352.84. This represents a 74.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 162,484 shares of company stock valued at $104,015,906. Company insiders own 13.61% of the company’s stock.

About Meta Platforms

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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