Consilio Wealth Advisors LLC Boosts Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Consilio Wealth Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,622 shares of the social networking company’s stock after purchasing an additional 388 shares during the quarter. Meta Platforms makes up approximately 1.6% of Consilio Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. Consilio Wealth Advisors LLC’s holdings in Meta Platforms were worth $3,877,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in META. International Assets Investment Management LLC increased its position in shares of Meta Platforms by 57,001.5% during the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after purchasing an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after purchasing an additional 4,126,190 shares in the last quarter. Sustainable Growth Advisers LP purchased a new stake in shares of Meta Platforms during the second quarter worth approximately $595,152,000. World Investment Advisors LLC increased its position in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after purchasing an additional 890,434 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after purchasing an additional 698,884 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 12,975 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $615.41, for a total transaction of $7,984,944.75. Following the completion of the sale, the chief executive officer now directly owns 381,290 shares of the company’s stock, valued at approximately $234,649,678.90. This trade represents a 3.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $574.70, for a total value of $520,103.50. Following the sale, the insider now directly owns 32,387 shares of the company’s stock, valued at $18,612,808.90. The trade was a 2.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 423,427 shares of company stock worth $256,996,450. 13.71% of the stock is currently owned by insiders.

Meta Platforms Trading Down 1.2 %

META opened at $608.33 on Tuesday. Meta Platforms, Inc. has a one year low of $358.61 and a one year high of $638.40. The company has a market cap of $1.54 trillion, a P/E ratio of 28.65, a PEG ratio of 1.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The business’s 50-day simple moving average is $594.58 and its 200-day simple moving average is $554.18.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $40.21 billion. As a group, equities research analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. Meta Platforms’s payout ratio is currently 9.42%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Scotiabank lowered their price objective on Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price objective on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. JMP Securities boosted their price objective on Meta Platforms from $660.00 to $750.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 2nd. Wolfe Research boosted their price objective on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Monness Crespi & Hardt boosted their price objective on Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $650.05.

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.