Nadler Financial Group Inc. Raises Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Nadler Financial Group Inc. lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,332 shares of the social networking company’s stock after buying an additional 128 shares during the quarter. Nadler Financial Group Inc.’s holdings in Meta Platforms were worth $1,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings 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 valued at $39,270,443,000 after purchasing an additional 5,001,647 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Meta Platforms by 11,154.4% in the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Meta Platforms by 55.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock valued at $2,591,602,000 after purchasing an additional 3,093,715 shares in the last quarter. Cerity Partners LLC boosted its holdings in Meta Platforms by 1,457.5% in the fourth quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock valued at $1,117,225,000 after purchasing an additional 2,953,704 shares in the last quarter. Finally, Lone Pine Capital LLC acquired a new position in Meta Platforms in the third quarter valued at approximately $834,315,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.6 %

Shares of NASDAQ:META traded down $2.57 during mid-day trading on Friday, hitting $438.81. 19,389,490 shares of the company traded hands, compared to its average volume of 18,222,158. The firm has a market cap of $1.12 trillion, a P/E ratio of 25.21, a PEG ratio of 1.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a 52-week low of $229.85 and a 52-week high of $531.49. The firm’s 50 day simple moving average is $495.08 and its 200 day simple moving average is $403.40.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.37% and a net margin of 32.06%. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. On average, equities analysts anticipate that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Meta Platforms Announces Dividend

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

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $393.85, for a total transaction of $7,751,361.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Javier Olivan sold 6,500 shares of Meta Platforms stock in a transaction on Monday, January 29th. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the transaction, the chief operating officer now owns 68,935 shares in the company, valued at $27,574,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,349,148 shares of company stock worth $649,552,559. 13.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna increased their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Bank of America increased their price objective on Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Evercore ISI increased their price objective on Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. KeyCorp lowered their target price on Meta Platforms from $575.00 to $555.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Morgan Stanley upped their target price on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $509.18.

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.