Meta Platforms, Inc. $META Shares Acquired by Wealth Preservation Advisors LLC

Wealth Preservation Advisors LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 60.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,632 shares of the social networking company’s stock after purchasing an additional 992 shares during the period. Meta Platforms comprises approximately 0.9% of Wealth Preservation Advisors LLC’s portfolio, making the stock its 16th largest position. Wealth Preservation Advisors LLC’s holdings in Meta Platforms were worth $1,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of META. Monetary Solutions Ltd purchased a new position in Meta Platforms in the fourth quarter valued at $53,000. Kera Capital Partners Inc. raised its stake in Meta Platforms by 36.0% in the fourth quarter. Kera Capital Partners Inc. now owns 3,674 shares of the social networking company’s stock valued at $2,632,000 after buying an additional 972 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Meta Platforms during the 4th quarter worth about $1,546,000. MV Capital Management Inc. purchased a new stake in Meta Platforms during the 4th quarter worth about $1,446,000. Finally, Continental Investors Services Inc. boosted its position in shares of Meta Platforms by 37.7% during the 4th quarter. Continental Investors Services Inc. now owns 464 shares of the social networking company’s stock worth $334,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $577.22 on Friday. The stock’s 50 day moving average price is $621.27 and its 200 day moving average price is $634.15. The company has a market capitalization of $1.46 trillion, a PE ratio of 20.98, a P/E/G ratio of 1.02 and a beta of 1.23. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the company posted $6.43 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 2,778 shares of Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at $6,645,103.65. The trade was a 20.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the completion of the sale, the chief financial officer owned 13,186 shares of the company’s stock, valued at approximately $8,014,978.24. This trade represents a 41.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 40,568 shares of company stock valued at $25,057,365. Insiders own 13.53% of the company’s stock.

Trending Headlines about Meta Platforms

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Tigress Financial increased their price objective on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Rosenblatt Securities restated a “buy” rating and set a $1,015.00 target price on shares of Meta Platforms in a research note on Thursday, May 28th. Wedbush upgraded Meta Platforms from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus lowered their price target on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Piper Sandler started coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued an “overweight” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $840.60.

Get Our Latest Stock Analysis on Meta Platforms

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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