Oder Investment Management LLC Buys 116 Shares of Meta Platforms, Inc. (NASDAQ:META)

Oder Investment Management LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,157 shares of the social networking company’s stock after acquiring an additional 116 shares during the period. Oder Investment Management LLC’s holdings in Meta Platforms were worth $763,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Stone House Investment Management LLC raised its position in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Beaird Harris Wealth Management LLC grew its stake in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares in the last quarter. PayPay Securities Corp grew its stake 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 buying an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC grew its stake in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in Meta Platforms in the 4th quarter worth approximately $39,000. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of a number of research reports. KeyCorp cut their price target on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Canaccord Genuity Group boosted their price target on shares of Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets upped their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Wedbush cut their price objective on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Susquehanna upped their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $509.18.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 552 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total value of $256,128.00. Following the transaction, the insider now owns 34,168 shares of the company’s stock, valued at $15,853,952. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Meta Platforms news, insider Jennifer Newstead sold 552 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total transaction of $256,128.00. Following the sale, the insider now owns 34,168 shares in the company, valued at approximately $15,853,952. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the sale, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,257,291 shares of company stock valued at $612,916,087. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $6.06 during trading on Wednesday, reaching $436.23. 7,326,035 shares of the company traded hands, compared to its average volume of 18,290,893. The firm has a 50 day simple moving average of $492.83 and a 200-day simple moving average of $406.97. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.11 trillion, a PE ratio of 24.87, a P/E/G ratio of 1.12 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $229.85 and a 52-week high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. Equities research analysts anticipate that Meta Platforms, Inc. will post 20.17 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

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.