Regent Peak Wealth Advisors LLC Buys 100 Shares of Meta Platforms, Inc. (NASDAQ:META)

Regent Peak Wealth Advisors LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,801 shares of the social networking company’s stock after purchasing an additional 100 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Meta Platforms were worth $1,699,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Peterson Wealth Advisors LLC raised its holdings in Meta Platforms by 1.9% in the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after buying an additional 28 shares during the last quarter. Edge Wealth Management LLC raised its holdings in Meta Platforms by 4.0% in the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after buying an additional 28 shares during the last quarter. Yarger Wealth Strategies LLC raised its holdings in shares of Meta Platforms by 4.0% during the fourth quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock valued at $260,000 after purchasing an additional 28 shares during the last quarter. Curated Wealth Partners LLC raised its holdings in shares of Meta Platforms by 1.8% during the fourth quarter. Curated Wealth Partners LLC now owns 1,602 shares of the social networking company’s stock valued at $567,000 after purchasing an additional 29 shares during the last quarter. Finally, Courier Capital LLC raised its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Courier Capital LLC now owns 1,843 shares of the social networking company’s stock valued at $652,000 after purchasing an additional 31 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $497.37 on Wednesday. Meta Platforms, Inc. has a one year low of $207.13 and a one year high of $523.57. The company has a market cap of $1.27 trillion, a PE ratio of 33.38, a P/E/G ratio of 1.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The business has a 50-day simple moving average of $473.50 and a 200-day simple moving average of $381.00.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The firm had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted $3.00 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 19.94 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is 13.42%.

Analyst Ratings Changes

META has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Meta Platforms from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Piper Sandler upped their price target on shares of Meta Platforms from $415.00 to $525.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Company increased their target price on shares of Meta Platforms from $536.00 to $609.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. The Goldman Sachs Group upped their price target on shares of Meta Platforms from $414.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Robert W. Baird increased their target price on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Check Out Our Latest Report on META

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $351.47, for a total value of $6,917,281.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $351.47, for a total value of $6,917,281.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $505.29, for a total value of $295,594.65. Following the sale, the insider now owns 39,568 shares of the company’s stock, valued at approximately $19,993,314.72. The disclosure for this sale can be found here. Insiders sold 1,502,805 shares of company stock valued at $703,056,383 over the last three months. 14.03% of the stock is owned by corporate insiders.

Meta Platforms Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.