394 Shares in Meta Platforms, Inc. (NASDAQ:META) Bought by Vision Financial Markets LLC

Vision Financial Markets LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 394 shares of the social networking company’s stock, valued at approximately $231,000.

Other hedge funds have also bought and sold shares of the company. Seelaus Asset Management LLC boosted its holdings in Meta Platforms by 0.9% during the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after purchasing an additional 15 shares during the last quarter. Meredith Wealth Planning boosted its holdings in Meta Platforms by 0.8% during the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after purchasing an additional 15 shares during the last quarter. Stephens Consulting LLC boosted its holdings in Meta Platforms by 5.3% during the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after purchasing an additional 16 shares during the last quarter. VeraBank N.A. boosted its holdings in Meta Platforms by 0.8% during the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock worth $1,144,000 after purchasing an additional 16 shares during the last quarter. Finally, LGL Partners LLC boosted its holdings in Meta Platforms by 0.6% during the fourth quarter. LGL Partners LLC now owns 2,834 shares of the social networking company’s stock worth $1,659,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Down 4.4 %

Shares of META opened at $597.99 on Tuesday. The stock has a market capitalization of $1.52 trillion, a P/E ratio of 25.00, a PEG ratio of 1.42 and a beta of 1.23. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $657.04 and a two-hundred day simple moving average of $601.41. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the company posted $5.33 earnings per share. On average, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is presently 8.78%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. Piper Sandler boosted their price target on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Barclays boosted their target price on shares of Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. DA Davidson boosted their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley boosted their target price on shares of Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $750.00 target price on shares of Meta Platforms in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $719.26.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $622.24, for a total value of $22,351,483.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Andrew Bosworth sold 5,060 shares of the stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the completion of the transaction, the chief technology officer now owns 5,139 shares of the company’s stock, valued at approximately $3,785,747.13. The trade was a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 761,002 shares of company stock valued at $495,449,598 in the last quarter. Company insiders own 13.71% of the company’s stock.

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.