Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Dohj LLC

Dohj LLC grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.8% during the fourth quarter, Holdings Channel reports. The firm owned 4,165 shares of the social networking company’s stock after acquiring an additional 567 shares during the quarter. Dohj LLC’s holdings in Meta Platforms were worth $1,474,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Private Trust Co. NA increased its holdings in shares of Meta Platforms by 3.3% in the 3rd quarter. Private Trust Co. NA now owns 10,747 shares of the social networking company’s stock worth $3,226,000 after acquiring an additional 339 shares during the period. Wagner Wealth Management LLC increased its holdings in shares of Meta Platforms by 28.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,130 shares of the social networking company’s stock worth $339,000 after acquiring an additional 247 shares during the period. Redwood Wealth Management Group LLC increased its holdings in shares of Meta Platforms by 21.7% in the 3rd quarter. Redwood Wealth Management Group LLC now owns 1,764 shares of the social networking company’s stock worth $530,000 after acquiring an additional 315 shares during the period. Strategic Blueprint LLC increased its holdings in shares of Meta Platforms by 11.3% in the 3rd quarter. Strategic Blueprint LLC now owns 7,339 shares of the social networking company’s stock worth $2,203,000 after acquiring an additional 748 shares during the period. Finally, Richelieu Gestion SA increased its holdings in shares of Meta Platforms by 29.1% in the 3rd quarter. Richelieu Gestion SA now owns 2,595 shares of the social networking company’s stock worth $779,000 after acquiring an additional 585 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mark Zuckerberg sold 65,600 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $400.50, for a total transaction of $26,272,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 490 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the sale, the chief operating officer now owns 79,944 shares in the company, valued at approximately $39,015,070.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,349,148 shares of company stock valued at $649,552,559. 13.75% of the stock is currently owned by insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $1.91 during trading on Friday, reaching $443.29. The company’s stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The stock has a 50-day moving average price of $494.48 and a two-hundred day moving average price of $404.85. The company has a current ratio of 2.68, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a one year low of $229.85 and a one year high of $531.49. The stock has a market capitalization of $1.13 trillion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business 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%. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.2 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company 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 dividend payout ratio is currently 11.49%.

Wall Street Analysts Forecast Growth

META has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. TD Cowen decreased their target price on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday. Susquehanna increased their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Royal Bank of Canada reduced their price objective on shares of Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Benchmark reissued a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $509.18.

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.