Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by BCR Wealth Strategies LLC

BCR Wealth Strategies LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,483 shares of the social networking company’s stock after buying an additional 60 shares during the period. Meta Platforms accounts for 0.7% of BCR Wealth Strategies LLC’s investment portfolio, making the stock its 11th largest position. BCR Wealth Strategies LLC’s holdings in Meta Platforms were worth $1,453,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JDM Financial Group LLC purchased a new stake in Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms in the third quarter worth $36,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms during the fourth quarter worth $41,000. Cordant Inc. acquired a new stake in shares of Meta Platforms in the fourth quarter valued at $59,000. Finally, Reston Wealth Management LLC purchased a new position in Meta Platforms in the third quarter valued at $61,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on META. Rosenblatt Securities reaffirmed a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their price target on Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Sanford C. Bernstein upped their price objective on Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. 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 company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $717.90.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $565.30, for a total value of $511,596.50. Following the transaction, the insider now owns 37,790 shares of the company’s stock, valued at approximately $21,362,687. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the sale, the chief operating officer now owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This trade represents a 2.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 770,701 shares of company stock worth $495,357,621. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $715.91 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market capitalization of $1.81 trillion, a P/E ratio of 29.93, a P/E/G ratio of 1.46 and a beta of 1.20. The business has a 50-day moving average of $643.13 and a two-hundred day moving average of $587.57. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $5.33 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s payout ratio is currently 8.36%.

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.