Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,020 shares of the social networking company’s stock after buying an additional 277 shares during the period. Meta Platforms accounts for approximately 0.7% of Regent Peak Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Regent Peak Wealth Advisors LLC’s holdings in Meta Platforms were worth $2,939,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms in the 3rd quarter worth about $36,000. Halpern Financial Inc. acquired a new stake in shares of Meta Platforms in the third quarter valued at approximately $46,000. West Financial Advisors LLC bought a new stake in shares of Meta Platforms during the third quarter valued at approximately $49,000. Finally, Hoese & Co LLP boosted its position in shares of Meta Platforms by 2,000.0% during the third quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock worth $60,000 after buying an additional 100 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $603.98, for a total transaction of $21,695,565.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $553.48, for a total value of $4,038,190.08. Following the completion of the transaction, the insider now directly owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. This trade represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 361,640 shares of company stock valued at $219,037,690 in the last quarter. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META traded down $10.75 during trading on Tuesday, hitting $619.45. The company’s stock had a trading volume of 6,455,356 shares, compared to its average volume of 11,192,659. Meta Platforms, Inc. has a 52 week low of $352.05 and a 52 week high of $638.40. The firm has a market cap of $1.56 trillion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.19. The firm has a 50 day moving average price of $590.92 and a 200 day moving average price of $550.47. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Equities research analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.32%. Meta Platforms’s dividend payout ratio is 9.42%.

Wall Street Analysts Forecast Growth

META has been the topic of several analyst reports. Hsbc Global Res upgraded Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their price target on Meta Platforms from $525.00 to $530.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a research note on Thursday, October 31st. Piper Sandler upped their target price on Meta Platforms from $650.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Wedbush raised their price objective on shares of Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a research report on Monday. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $645.80.

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.