Accelerate Investment Advisors LLC Has $873,000 Stake in Meta Platforms, Inc. (NASDAQ:META)

Accelerate Investment Advisors LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,491 shares of the social networking company’s stock after acquiring an additional 96 shares during the period. Meta Platforms comprises about 0.8% of Accelerate Investment Advisors LLC’s portfolio, making the stock its 24th largest position. Accelerate Investment Advisors LLC’s holdings in Meta Platforms were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JDM Financial Group LLC bought a new position in Meta Platforms in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms in the third quarter valued at $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms in the 4th quarter valued at about $41,000. Halpern Financial Inc. bought a new position in shares of Meta Platforms in the 3rd quarter valued at about $46,000. Finally, West Financial Advisors LLC bought a new position in shares of Meta Platforms in the 3rd quarter valued at about $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Down 1.5 %

META traded down $9.16 during trading on Monday, reaching $606.70. 7,311,955 shares of the company’s stock were exchanged, compared to its average volume of 12,447,462. Meta Platforms, Inc. has a one year low of $358.61 and a one year 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. The stock has a market capitalization of $1.53 trillion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The firm has a fifty day moving average price of $593.63 and a two-hundred day moving average price of $553.55.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $631.55, for a total transaction of $571,552.75. Following the transaction, the insider now owns 32,010 shares in the company, valued at approximately $20,215,915.50. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total transaction of $21,838,890.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 411,357 shares of company stock valued at $249,545,428. 13.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

META has been the subject of a number of analyst reports. Citigroup lifted their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Bank of America lifted their price objective on shares of Meta Platforms from $630.00 to $660.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a report on Monday. Scotiabank reduced their target price on shares of Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Finally, UBS Group lifted their target price on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $650.05.

View Our Latest Stock Report on Meta Platforms

About Meta Platforms

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.