YHB Investment Advisors Inc. Increases Stake in Meta Platforms, Inc. (NASDAQ:META)

YHB Investment Advisors Inc. raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,000 shares of the social networking company’s stock after buying an additional 190 shares during the period. YHB Investment Advisors Inc.’s holdings in Meta Platforms were worth $8,197,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Acorn Creek Capital LLC grew its position in shares of Meta Platforms by 6.6% during the fourth quarter. Acorn Creek Capital LLC now owns 2,019 shares of the social networking company’s stock worth $1,182,000 after buying an additional 125 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Meta Platforms by 9.8% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,072 shares of the social networking company’s stock worth $3,555,000 after acquiring an additional 544 shares in the last quarter. Altus Wealth Management LLC raised its holdings in shares of Meta Platforms by 36.2% in the 4th quarter. Altus Wealth Management LLC now owns 704 shares of the social networking company’s stock valued at $412,000 after purchasing an additional 187 shares in the last quarter. BankPlus Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 4th quarter worth $236,000. Finally, Level Financial Advisors grew its stake in shares of Meta Platforms by 28.5% during the fourth quarter. Level Financial Advisors now owns 802 shares of the social networking company’s stock worth $470,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. UBS Group boosted their target price on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus increased their price target on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Roth Mkm boosted their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, KeyCorp increased their target price on shares of Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $706.76.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $562.77, for a total value of $232,424.01. Following the transaction, the chief operating officer now directly owns 19,579 shares in the company, valued at approximately $11,018,473.83. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction of $407,167.00. Following the sale, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 661,804 shares of company stock worth $407,745,741 over the last three months. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $689.18 on Friday. The firm has a market capitalization of $1.74 trillion, a PE ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19. Meta Platforms, Inc. has a 52 week low of $387.10 and a 52 week high of $710.79. The firm’s 50-day simple moving average is $613.60 and its 200 day simple moving average is $565.78. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 39.74%. During the same period in the prior year, the firm earned $5.33 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 25.44 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is 8.36%.

About Meta Platforms

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.