Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Lifted by Tobias Financial Advisors Inc.

Tobias Financial Advisors Inc. lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,280 shares of the social networking company’s stock after acquiring an additional 129 shares during the quarter. Tobias Financial Advisors Inc.’s holdings in Meta Platforms were worth $750,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Ballentine Partners LLC increased its stake in Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after buying an additional 808 shares during the period. UMB Bank n.a. increased its stake in shares of Meta Platforms by 0.6% in the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after acquiring an additional 897 shares during the last quarter. Brueske Advisory Services LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth $459,000. Apollon Financial LLC boosted its position in Meta Platforms by 11.1% during the fourth quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock valued at $866,000 after purchasing an additional 148 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Meta Platforms by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after purchasing an additional 110,040 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of Meta Platforms stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the transaction, the chief financial officer now owns 51,793 shares in the company, valued at approximately $38,154,349.31. The trade was a 14.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $613.85, for a total value of $22,050,105.85. The disclosure for this sale can be found here. Insiders sold 414,901 shares of company stock worth $282,367,368 in the last quarter. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 3.7 %

Shares of META opened at $502.31 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $616.82 and a two-hundred day moving average price of $607.81. The stock has a market cap of $1.27 trillion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the firm posted $5.33 earnings per share. Equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.42%. Meta Platforms’s dividend payout ratio is presently 8.78%.

Analysts Set New Price Targets

META has been the subject of a number of recent research reports. Arete Research raised Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Wolfe Research raised their price objective on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Robert W. Baird boosted their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Meta Platforms from $725.00 to $610.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Benchmark upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective for the company in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $686.83.

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.