Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Addison Advisors LLC

Addison Advisors LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 670 shares of the social networking company’s stock after buying an additional 25 shares during the quarter. Addison Advisors LLC’s holdings in Meta Platforms were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of META. Stone House Investment Management LLC lifted its holdings 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 in the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. PayPay Securities Corp lifted its holdings in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC boosted its position in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Meta Platforms during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total value of $287,381.25. Following the transaction, the insider now directly owns 37,228 shares of the company’s stock, valued at approximately $18,288,255. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $491.25, for a total transaction of $287,381.25. Following the transaction, the insider now directly owns 37,228 shares in the company, valued at $18,288,255. The disclosure for this sale can be found here. Insiders have sold a total of 1,349,148 shares of company stock valued at $649,552,559 in the last three months. 13.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on META shares. JPMorgan Chase & Co. dropped their price objective on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Guggenheim decreased their price objective on Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James decreased their price objective on Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating on the stock in a report on Thursday. Finally, Robert W. Baird decreased their price objective on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $509.18.

Meta Platforms Stock Performance

Shares of META stock traded up $1.91 on Friday, reaching $443.29. The stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The company has a quick ratio of 2.67, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $494.48 and its two-hundred day moving average is $404.27. The firm has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.12 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $229.85 and a 12 month high of $531.49.

Meta Platforms (NASDAQ:META) last issued its 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 company had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, research analysts expect that Meta Platforms, Inc. will post 20.33 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.45%. Meta Platforms’s dividend payout ratio is currently 11.49%.

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.