Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,230 shares of the social networking company’s stock after purchasing an additional 47 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in Meta Platforms were worth $435,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Meta Platforms by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock valued at $55,011,920,000 after purchasing an additional 1,733,182 shares in the last quarter. FMR LLC raised its stake in Meta Platforms by 4.0% during the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after buying an additional 5,001,647 shares in the last quarter. Morgan Stanley lifted its holdings in Meta Platforms by 3.4% during the 3rd quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after buying an additional 1,184,978 shares during the last quarter. Northern Trust Corp grew its position in shares of Meta Platforms by 4.3% in the 3rd quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock worth $6,906,009,000 after acquiring an additional 946,871 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Meta Platforms by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,143,462 shares of the social networking company’s stock valued at $3,945,799,000 after acquiring an additional 111,735 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, CEO Mark Zuckerberg sold 97,093 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Andrew Bosworth sold 8,036 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the transaction, the chief technology officer now owns 18,432 shares in the company, valued at $8,723,496.96. The disclosure for this sale can be found here. In the last three months, insiders sold 1,391,935 shares of company stock valued at $666,288,408. Company insiders own 14.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley upped their price objective on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. BMO Capital Markets raised their target price on Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group lifted their price target on Meta Platforms from $530.00 to $610.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $520.28.

Meta Platforms Stock Up 3.1 %

NASDAQ META traded up $14.94 during trading on Tuesday, reaching $496.67. The company’s stock had a trading volume of 11,876,079 shares, compared to its average volume of 17,088,047. The business has a 50-day moving average price of $494.81 and a 200-day moving average price of $401.23. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The stock has a market capitalization of $1.27 trillion, a PE ratio of 33.10, a PEG ratio of 1.22 and a beta of 1.20. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the prior year, the business posted $3.00 earnings per share. The business’s quarterly revenue was up 24.7% on a year-over-year basis. On average, research analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

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.