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

Jmac Enterprises LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,492 shares of the social networking company’s stock after acquiring an additional 53 shares during the period. Jmac Enterprises LLC’s holdings in Meta Platforms were worth $874,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JDM Financial Group LLC acquired a new stake in Meta Platforms in the 3rd quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the 3rd quarter valued at approximately $36,000. Avondale Wealth Management purchased a new position in Meta Platforms in the 4th quarter valued at approximately $41,000. Cordant Inc. purchased a new position in Meta Platforms in the 4th quarter valued at approximately $59,000. Finally, Reston Wealth Management LLC purchased a new position in Meta Platforms in the 3rd quarter valued at approximately $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 2.8 %

Meta Platforms stock opened at $715.91 on Wednesday. The stock has a market cap of $1.81 trillion, a price-to-earnings ratio of 29.93, a PEG ratio of 1.46 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $643.13 and its two-hundred day moving average price is $587.57. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the business posted $5.33 EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a dividend of $0.525 per share. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.36%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on META shares. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Mizuho lifted their price objective on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Cantor Fitzgerald lifted their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Raymond James reaffirmed a “strong-buy” rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Finally, Oppenheimer boosted their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total transaction of $21,838,890.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01. Following the sale, the chief operating officer now owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 770,701 shares of company stock worth $495,357,621. 13.71% of the stock is owned by company insiders.

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.