Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Wynn Capital LLC

Wynn Capital LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,053 shares of the social networking company’s stock after purchasing an additional 33 shares during the period. Meta Platforms accounts for approximately 3.0% of Wynn Capital LLC’s investment portfolio, making the stock its 6th biggest holding. Wynn Capital LLC’s holdings in Meta Platforms were worth $4,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JDM Financial Group LLC purchased a new stake in Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $36,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $41,000. Halpern Financial Inc. acquired a new position in shares of Meta Platforms in the 3rd quarter valued at $46,000. Finally, West Financial Advisors LLC purchased a new position in Meta Platforms in the 3rd quarter worth $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Javier Olivan sold 413 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $580.65, for a total transaction of $239,808.45. Following the completion of the transaction, the chief operating officer now directly owns 11,120 shares in the company, valued at approximately $6,456,828. This represents a 3.58 % 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 firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total value of $21,838,890.37. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 495,682 shares of company stock worth $301,101,199. Insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of research reports. BMO Capital Markets increased their price objective on Meta Platforms from $525.00 to $530.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Raymond James reiterated a “strong-buy” rating and issued a $675.00 price target on shares of Meta Platforms in a report on Monday, November 25th. TD Cowen lifted their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Truist Financial increased their price objective on shares of Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird boosted their target price on shares of Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $650.05.

Meta Platforms Stock Up 3.8 %

META stock opened at $617.12 on Thursday. 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 firm has a 50-day moving average of $595.02 and a two-hundred day moving average of $554.81. Meta Platforms, Inc. has a 12 month low of $358.61 and a 12 month high of $638.40. The company has a market cap of $1.56 trillion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.36 and a beta of 1.19.

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

Meta Platforms Announces Dividend

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