Meta Platforms, Inc. (NASDAQ:META) Shares Bought by ROI Financial Advisors LLC

ROI Financial Advisors LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650 shares of the social networking company’s stock after purchasing an additional 107 shares during the period. ROI Financial Advisors LLC’s holdings in Meta Platforms were worth $380,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ballentine Partners LLC lifted its holdings in shares of Meta Platforms by 1.4% during the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after acquiring an additional 808 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Meta Platforms by 0.6% during the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after purchasing an additional 897 shares in the last quarter. Brueske Advisory Services LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $459,000. Apollon Financial LLC grew its stake in shares of Meta Platforms by 11.1% in the fourth quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock valued at $866,000 after buying an additional 148 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after buying an additional 110,040 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Benchmark raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective for the company in a research report on Thursday, January 30th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Susquehanna boosted their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a report on Thursday, January 30th. Oppenheimer raised their target price on Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, DA Davidson boosted their price target on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $718.55.

Meta Platforms Price Performance

NASDAQ META opened at $504.73 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The company has a market cap of $1.28 trillion, a PE ratio of 21.10, a PEG ratio of 1.42 and a beta of 1.28. The stock’s 50-day moving average price is $648.15 and its two-hundred day moving average price is $609.75.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the company earned $5.33 EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. Meta Platforms’s payout ratio is currently 8.78%.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $611.10, for a total transaction of $21,951,323.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 921 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $570.66, for a total value of $525,577.86. Following the sale, the insider now owns 30,261 shares of the company’s stock, valued at approximately $17,268,742.26. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 549,113 shares of company stock valued at $364,668,246. Company insiders own 13.71% of the company’s stock.

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.