Astoria Portfolio Advisors LLC. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,884 shares of the social networking company’s stock after purchasing an additional 187 shares during the period. Meta Platforms makes up 1.0% of Astoria Portfolio Advisors LLC.’s investment portfolio, making the stock its 18th largest holding. Astoria Portfolio Advisors LLC.’s holdings in Meta Platforms were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Charles Schwab Investment Management Inc. grew its stake in shares of Meta Platforms by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after purchasing an additional 118,298 shares during the period. LS Investment Advisors LLC raised its position in Meta Platforms by 111.4% in the third quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock worth $6,686,000 after acquiring an additional 6,155 shares during the period. Cutter & CO Brokerage Inc. grew its position in shares of Meta Platforms by 0.7% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock valued at $5,573,000 after acquiring an additional 65 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Meta Platforms by 1.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 412,046 shares of the social networking company’s stock worth $235,872,000 after purchasing an additional 5,594 shares in the last quarter. Finally, M&G PLC lifted its position in Meta Platforms by 14.6% during the third quarter. M&G PLC now owns 721,339 shares of the social networking company’s stock valued at $412,606,000 after purchasing an additional 91,773 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Meta Platforms Trading Up 0.2 %
META stock opened at $612.77 on Tuesday. The company has a market capitalization of $1.55 trillion, a PE ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19. The firm’s 50-day moving average is $597.37 and its 200 day moving average is $557.77. Meta Platforms, Inc. has a 12 month low of $370.95 and a 12 month high of $638.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.42%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on META shares. Roth Mkm raised their price objective on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $670.00 price target on shares of Meta Platforms in a research report on Wednesday, October 16th. Barclays lifted their target price on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird raised their price target on Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $650.05.
Get Our Latest Stock Report on Meta Platforms
Insider Activity at Meta Platforms
In related news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $574.16, for a total transaction of $237,128.08. Following the completion of the transaction, the chief operating officer now owns 10,707 shares of the company’s stock, valued at $6,147,531.12. This trade represents a 3.71 % 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, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 495,269 shares of company stock valued at $300,888,396 in the last three months. 13.71% of the stock is owned by insiders.
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.
See Also
- Five stocks we like better than Meta Platforms
- How to Use the MarketBeat Excel Dividend Calculator
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Low PE Growth Stocks: Unlocking Investment Opportunities
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- ESG Stocks, What Investors Should Know
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.