Meta Platforms, Inc. (NASDAQ:META) Shares Bought by RMR Wealth Builders

RMR Wealth Builders raised its position in Meta Platforms, Inc. (NASDAQ:META) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,830 shares of the social networking company’s stock after acquiring an additional 556 shares during the quarter. Meta Platforms makes up about 0.7% of RMR Wealth Builders’ holdings, making the stock its 24th biggest holding. RMR Wealth Builders’ holdings in Meta Platforms were worth $6,927,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Lynch & Associates IN raised its position in Meta Platforms by 1.7% during the 4th quarter. Lynch & Associates IN now owns 1,834 shares of the social networking company’s stock worth $1,074,000 after buying an additional 31 shares during the last quarter. Atlas Brown Inc. grew its stake in Meta Platforms by 1.1% in the 4th quarter. Atlas Brown Inc. now owns 5,864 shares of the social networking company’s stock valued at $3,433,000 after acquiring an additional 63 shares during the last quarter. Sugarloaf Wealth Management LLC increased its stake in shares of Meta Platforms by 22.5% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 594 shares of the social networking company’s stock worth $348,000 after purchasing an additional 109 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of Meta Platforms by 60.8% in the fourth quarter. HBW Advisory Services LLC now owns 10,395 shares of the social networking company’s stock valued at $6,087,000 after acquiring an additional 3,932 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC lifted its stake in shares of Meta Platforms by 3.4% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 962 shares of the social networking company’s stock worth $563,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 84 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares in the company, valued at approximately $311,054,400. This trade represents a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 8,951 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the sale, the chief financial officer now owns 51,591 shares of the company’s stock, valued at approximately $29,776,261.56. This trade represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 410,536 shares of company stock valued at $249,024,275 in the last quarter. Company insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several research analyst reports. JMP Securities upped their price target on Meta Platforms from $660.00 to $750.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 2nd. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Scotiabank decreased their price target on Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Barclays upped their target price on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus upped their target price on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $646.90.

Meta Platforms Trading Up 0.8 %

NASDAQ META traded up $5.14 on Friday, hitting $615.86. 19,216,416 shares of the company were exchanged, compared to its average volume of 13,336,346. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The company’s 50 day moving average price is $592.65 and its 200-day moving average price is $552.16.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Analysts predict that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. Meta Platforms’s payout ratio is 9.42%.

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.