Mosley Wealth Management Grows Stake in Meta Platforms, Inc. (NASDAQ:META)

Mosley Wealth Management increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,189 shares of the social networking company’s stock after purchasing an additional 127 shares during the period. Mosley Wealth Management’s holdings in Meta Platforms were worth $696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Optimum Investment Advisors increased its holdings in Meta Platforms by 3.6% in the 4th quarter. Optimum Investment Advisors now owns 6,821 shares of the social networking company’s stock valued at $3,994,000 after acquiring an additional 240 shares during the last quarter. Guardian Partners Inc. bought a new stake in Meta Platforms in the 4th quarter worth approximately $618,000. Fortis Capital Management LLC boosted its position in shares of Meta Platforms by 3.5% during the 4th quarter. Fortis Capital Management LLC now owns 13,518 shares of the social networking company’s stock valued at $7,915,000 after acquiring an additional 460 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Meta Platforms in the fourth quarter valued at $1,380,000. Finally, TRB Advisors LP purchased a new position in shares of Meta Platforms in the 4th quarter worth $20,493,000. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 5,060 shares of the firm’s stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the completion of the transaction, the chief technology officer now owns 5,139 shares of the company’s stock, valued at $3,785,747.13. This trade represents a 49.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 2,311 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $600.21, for a total transaction of $1,387,085.31. The disclosure for this sale can be found here. Insiders sold a total of 585,605 shares of company stock worth $386,710,448 over the last three months. 13.71% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

META opened at $619.55 on Tuesday. The company has a market cap of $1.57 trillion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $655.60 and its 200-day moving average price is $607.11. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company earned $5.33 earnings per share. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, March 14th. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is presently 8.78%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird lifted their price target on Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Mizuho boosted their target price on Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Piper Sandler boosted their price objective on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $718.31.

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.