Sfmg LLC Has $3.83 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Sfmg LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,813 shares of the social networking company’s stock after acquiring an additional 67 shares during the quarter. Sfmg LLC’s holdings in Meta Platforms were worth $3,827,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC lifted its position in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth approximately $26,000. Stephens Investment Management Group LLC bought a new stake in shares of Meta Platforms during the second quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC increased its holdings in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Finally, PayPay Securities Corp raised its position in Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock traded down $7.20 during trading hours on Wednesday, reaching $492.56. The company’s stock had a trading volume of 4,257,662 shares, compared to its average volume of 16,971,529. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49. The company has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.28 and a beta of 1.20. The firm’s 50 day simple moving average is $493.16 and its 200-day simple moving average is $396.01.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. Meta Platforms’s revenue was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $3.00 earnings per share. Sell-side analysts forecast that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $381.77, for a total transaction of $7,513,615.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $381.77, for a total transaction of $7,513,615.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 566 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $385.00, for a total value of $217,910.00. Following the completion of the transaction, the insider now directly owns 35,286 shares of the company’s stock, valued at approximately $13,585,110. The disclosure for this sale can be found here. Insiders have sold 1,439,788 shares of company stock worth $684,542,792 over the last quarter. Corporate insiders own 14.03% of the company’s stock.

Analysts Set New Price Targets

META has been the topic of several research reports. Truist Financial upped their price target on Meta Platforms from $405.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada raised their target price on shares of Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Guggenheim upped their price objective on Meta Platforms from $380.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. KeyCorp increased their target price on shares of Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Tigress Financial lifted their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.28.

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.