Quotient Wealth Partners LLC Increases Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Quotient Wealth Partners LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,989 shares of the social networking company’s stock after purchasing an additional 410 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Meta Platforms were worth $4,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Alliance Wealth Advisors LLC boosted its stake in shares of Meta Platforms by 1.5% in the fourth quarter. Alliance Wealth Advisors LLC now owns 2,828 shares of the social networking company’s stock valued at $1,656,000 after purchasing an additional 41 shares during the period. Northeast Investment Management boosted its stake in shares of Meta Platforms by 3.6% in the fourth quarter. Northeast Investment Management now owns 104,256 shares of the social networking company’s stock valued at $61,043,000 after purchasing an additional 3,582 shares during the period. Richard C. Young & CO. LTD. purchased a new position in shares of Meta Platforms in the fourth quarter valued at approximately $5,744,000. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Meta Platforms by 11.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 1,140 shares of the social networking company’s stock valued at $668,000 after purchasing an additional 115 shares during the period. Finally, Birch Hill Investment Advisors LLC boosted its stake in shares of Meta Platforms by 18.4% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 1,302 shares of the social networking company’s stock valued at $763,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on META. Oppenheimer raised their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $750.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Raymond James reaffirmed a “strong-buy” rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. UBS Group raised their target price on shares of Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, DA Davidson raised their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Meta Platforms Stock Performance

NASDAQ:META opened at $736.67 on Friday. The firm’s fifty day moving average price is $638.73 and its 200 day moving average price is $582.68. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate 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 posted $5.33 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, March 14th. Meta Platforms’s payout ratio is presently 8.36%.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 14,746 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $553.53, for a total transaction of $8,162,353.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 18,644 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $553.55, for a total transaction of $10,320,386.20. Following the sale, the chief financial officer now owns 46,769 shares in the company, valued at $25,888,979.95. The trade was a 28.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 793,070 shares of company stock worth $504,185,108. Corporate insiders own 13.71% of the company’s stock.

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.