Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by DecisionPoint Financial LLC

DecisionPoint Financial LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 31.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854 shares of the social networking company’s stock after acquiring an additional 204 shares during the quarter. DecisionPoint Financial LLC’s holdings in Meta Platforms were worth $302,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Stone House Investment Management LLC increased its stake in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at about $26,000. Stephens Investment Management Group LLC purchased a new stake in shares of Meta Platforms during the 2nd quarter worth about $30,000. Beaird Harris Wealth Management LLC increased its position in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Finally, PayPay Securities Corp raised its holdings in Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after buying an additional 43 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on META shares. The Goldman Sachs Group boosted their price objective on shares of Meta Platforms from $500.00 to $555.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities increased their price target on Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Susquehanna boosted their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. BMO Capital Markets increased their target price on Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt raised their target price on Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.28.

Meta Platforms Price Performance

NASDAQ META traded down $3.90 on Wednesday, reaching $495.86. 8,076,317 shares of the stock traded hands, compared to its average volume of 17,014,455. Meta Platforms, Inc. has a 12 month low of $207.13 and a 12 month high of $531.49. The company has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.28 and a beta of 1.20. The firm’s fifty day simple moving average is $493.16 and its 200 day simple moving average is $396.01. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter last year, the business posted $3.00 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, research analysts predict that Meta Platforms, Inc. will post 20.06 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the sale, the insider now owns 38,398 shares in the company, valued at approximately $20,043,756. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $516.51, for a total transaction of $253,089.90. Following the completion of the transaction, the chief operating officer now owns 8,069 shares of the company’s stock, valued at $4,167,719.19. The disclosure for this sale can be found here. Insiders have sold 1,439,788 shares of company stock worth $684,542,792 in the last ninety days. 14.03% of the stock is currently owned by corporate insiders.

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.