Investor s Fiduciary Advisor Network LLC Invests $802,000 in Meta Platforms, Inc. (NASDAQ:META)

Investor s Fiduciary Advisor Network LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, Holdings Channel reports. The fund bought 1,370 shares of the social networking company’s stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently modified their holdings of META. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Meta Platforms by 62.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 672,367 shares of the social networking company’s stock worth $393,678,000 after buying an additional 259,152 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Meta Platforms by 6.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 1,646 shares of the social networking company’s stock valued at $964,000 after acquiring an additional 106 shares in the last quarter. Junto Capital Management LP boosted its stake in Meta Platforms by 23.6% in the 4th quarter. Junto Capital Management LP now owns 70,063 shares of the social networking company’s stock worth $41,023,000 after purchasing an additional 13,355 shares during the period. KKM Financial LLC grew its position in Meta Platforms by 17.5% during the 4th quarter. KKM Financial LLC now owns 15,431 shares of the social networking company’s stock worth $9,035,000 after purchasing an additional 2,301 shares in the last quarter. Finally, Hyperion Asset Management Ltd raised its stake in Meta Platforms by 13.6% during the 4th quarter. Hyperion Asset Management Ltd now owns 284,343 shares of the social networking company’s stock valued at $166,486,000 after purchasing an additional 33,958 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 902 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total value of $643,414.64. Following the transaction, the insider now directly owns 27,488 shares in the company, valued at $19,607,740.16. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of the firm’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the sale, the chief technology officer now directly owns 5,139 shares of the company’s stock, valued at approximately $3,785,747.13. The trade was a 49.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,689 shares of company stock worth $109,097,842 over the last three months. Company insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Roth Capital raised their target price on Meta Platforms from $580.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Benchmark lowered their target price on Meta Platforms from $820.00 to $640.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI upped their target price on Meta Platforms from $725.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Pivotal Research decreased their price target on shares of Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Guggenheim upped their price objective on shares of Meta Platforms from $675.00 to $725.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $696.45.

Meta Platforms Trading Down 0.9 %

Shares of Meta Platforms stock opened at $592.49 on Friday. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The firm has a market capitalization of $1.50 trillion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. 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 company’s fifty day moving average price is $568.87 and its two-hundred day moving average price is $604.50.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.71 earnings per share. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.35%. Meta Platforms’s payout ratio is currently 8.19%.

Meta Platforms 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.