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

McAdam LLC grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,558 shares of the social networking company’s stock after purchasing an additional 982 shares during the period. McAdam LLC’s holdings in Meta Platforms were worth $1,259,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FMR LLC raised its position in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after acquiring an additional 5,001,647 shares in the last quarter. International Assets Investment Management LLC raised its stake in Meta Platforms by 11,154.4% in the 4th quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock valued at $1,752,900,000 after purchasing an additional 4,908,251 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Meta Platforms by 55.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after purchasing an additional 3,093,715 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Meta Platforms by 1,457.5% during the 4th quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock worth $1,117,225,000 after purchasing an additional 2,953,704 shares during the last quarter. Finally, Lone Pine Capital LLC purchased a new stake in Meta Platforms in the 3rd quarter worth approximately $834,315,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 566 shares of Meta Platforms stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $404.00, for a total transaction of $228,664.00. Following the transaction, the insider now directly owns 34,720 shares of the company’s stock, valued at $14,026,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31. The disclosure for this sale can be found here. Insiders have sold a total of 1,277,048 shares of company stock valued at $620,679,759 over the last three months. 13.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on META. UBS Group lowered their price target on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley boosted their price objective on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Roth Mkm increased their target price on Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday. Wedbush decreased their price target on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, TD Cowen dropped their target price on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.18.

Meta Platforms Stock Down 2.4 %

Shares of NASDAQ:META traded down $10.60 during trading on Monday, reaching $432.69. 8,145,736 shares of the stock were exchanged, compared to its average volume of 18,254,248. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49. The stock has a fifty day moving average of $494.48 and a two-hundred day moving average of $405.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Research analysts anticipate that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 11.49%.

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.