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

Hilltop Wealth Advisors LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 446 shares of the social networking company’s stock after acquiring an additional 29 shares during the quarter. Hilltop Wealth Advisors LLC’s holdings in Meta Platforms were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in META. JDM Financial Group LLC acquired a new position in Meta Platforms during the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the third quarter worth about $36,000. Halpern Financial Inc. acquired a new position in Meta Platforms during the 3rd quarter valued at about $46,000. West Financial Advisors LLC bought a new stake in shares of Meta Platforms during the 3rd quarter worth about $49,000. Finally, Hoese & Co LLP raised its position in shares of Meta Platforms by 2,000.0% during the 3rd quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock worth $60,000 after buying an additional 100 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

NASDAQ META traded down $6.27 on Wednesday, hitting $611.62. 5,199,450 shares of the company traded hands, compared to its average volume of 11,145,851. The business’s 50 day moving average price is $591.41 and its 200-day moving average price is $551.33. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a 52-week low of $355.36 and a 52-week high of $638.40. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Equities analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

Insider Transactions at Meta Platforms

In other news, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the completion of the sale, the insider now owns 38,695 shares in the company, valued at approximately $21,416,908.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $603.98, for a total transaction of $21,695,565.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 361,640 shares of company stock worth $219,037,690. 13.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on META. Stifel Nicolaus increased their price objective on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Wells Fargo & Company cut their price objective on Meta Platforms from $652.00 to $641.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Mizuho raised their target price on Meta Platforms from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Monness Crespi & Hardt raised their price objective on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Pivotal Research raised their price objective on shares of Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $645.80.

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.