Nvwm LLC Has $7.38 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Nvwm LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,898 shares of the social networking company’s stock after acquiring an additional 43 shares during the quarter. Meta Platforms makes up about 1.9% of Nvwm LLC’s portfolio, making the stock its 8th biggest holding. Nvwm LLC’s holdings in Meta Platforms were worth $7,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Delos Wealth Advisors LLC increased its stake in Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after purchasing an additional 58 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Meta Platforms during the second quarter valued at approximately $38,000. Ruedi Wealth Management Inc. lifted its position in shares of Meta Platforms by 122.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 44 shares in the last quarter. Halpern Financial Inc. acquired a new position in Meta Platforms in the 3rd quarter worth approximately $46,000. Finally, West Financial Advisors LLC purchased a new position in Meta Platforms during the 3rd quarter worth approximately $49,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 16,702 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $513.09, for a total transaction of $8,569,629.18. Following the sale, the chief executive officer now owns 98,654 shares of the company’s stock, valued at $50,618,380.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Mark Zuckerberg sold 16,702 shares of Meta Platforms stock in a transaction on Friday, August 9th. The stock was sold at an average price of $513.09, for a total value of $8,569,629.18. Following the completion of the sale, the chief executive officer now directly owns 98,654 shares of the company’s stock, valued at approximately $50,618,380.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 33,018 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $517.94, for a total value of $17,101,342.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 243,919 shares of company stock worth $129,296,067. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 0.1 %

Shares of NASDAQ:META opened at $572.05 on Thursday. The company has a market capitalization of $1.45 trillion, a PE ratio of 26.95, a P/E/G ratio of 1.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company’s fifty day moving average is $557.85 and its 200-day moving average is $514.31. Meta Platforms, Inc. has a 52 week low of $313.66 and a 52 week high of $602.95.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Equities research analysts predict that Meta Platforms, Inc. will post 22.44 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, September 16th. Meta Platforms’s payout ratio is presently 9.42%.

Analysts Set New Price Targets

Several brokerages have recently commented on META. Sanford C. Bernstein raised their target price on Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Monness Crespi & Hardt lifted their target price on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Meta Platforms from $525.00 to $585.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price target on shares of Meta Platforms from $652.00 to $641.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, DA Davidson started coverage on shares of Meta Platforms in a research note on Tuesday, September 10th. They issued a “buy” rating and a $600.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $634.10.

Meta Platforms 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.