TRUE Private Wealth Advisors Buys 20 Shares of Meta Platforms, Inc. (NASDAQ:META)

TRUE Private Wealth Advisors increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,195 shares of the social networking company’s stock after acquiring an additional 20 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Meta Platforms were worth $1,871,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $30,000. Millstone Evans Group LLC bought a new position in shares of Meta Platforms in the fourth quarter valued at approximately $40,000. Avondale Wealth Management bought a new stake in Meta Platforms during the fourth quarter worth $41,000. WealthTrak Capital Management LLC purchased a new stake in Meta Platforms in the 4th quarter valued at $43,000. Finally, Cordant Inc. bought a new position in Meta Platforms during the 4th quarter valued at $59,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the sale, the chief financial officer now directly owns 51,793 shares in the company, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $606.77, for a total value of $250,596.01. Following the completion of the transaction, the chief operating officer now owns 16,688 shares of the company’s stock, valued at $10,125,777.76. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 498,899 shares of company stock worth $333,868,573 in the last 90 days. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $510.45 on Wednesday. The company has a market cap of $1.29 trillion, a PE ratio of 21.34, a P/E/G ratio of 1.42 and a beta of 1.28. The business has a 50 day moving average of $638.67 and a 200 day moving average of $609.42. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the firm earned $5.33 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.41%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Wall Street Analysts Forecast Growth

META has been the subject of several analyst reports. Benchmark upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price for the company in a report on Thursday, January 30th. Rosenblatt Securities restated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research note on Monday, January 27th. UBS Group lifted their price target on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wedbush restated an “outperform” rating and issued a $770.00 price objective (up previously from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Finally, Susquehanna lifted their target price on Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research note on Thursday, January 30th. Two investment 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 issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $713.07.

Meta Platforms 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.