RoundAngle Advisors LLC Takes Position in Meta Platforms, Inc. (NASDAQ:META)

RoundAngle Advisors LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,144 shares of the social networking company’s stock, valued at approximately $1,255,000.

Several other large investors have also recently modified their holdings of the business. JDM Financial Group LLC bought a new stake in Meta Platforms in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms in the third quarter valued at $36,000. Avondale Wealth Management bought a new stake in Meta Platforms in the fourth quarter valued at $41,000. Halpern Financial Inc. bought a new stake in Meta Platforms in the third quarter valued at $46,000. Finally, West Financial Advisors LLC bought a new stake in Meta Platforms in the third quarter valued at $49,000. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on META. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $670.00 price target on shares of Meta Platforms in a research note on Wednesday, October 16th. Scotiabank reduced their price objective on shares of Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Monness Crespi & Hardt lifted their price objective on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, October 25th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $651.27.

Read Our Latest Stock Analysis on Meta Platforms

Insiders Place Their Bets

In other Meta Platforms news, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the completion of the transaction, the insider now directly owns 38,695 shares in the company, valued at approximately $21,416,908.60. The trade was a 15.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total transaction of $22,746,973.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 531,190 shares of company stock worth $322,938,501. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Up 0.6 %

NASDAQ:META opened at $616.46 on Wednesday. Meta Platforms, Inc. has a 1-year low of $381.16 and a 1-year high of $638.40. The company has a 50-day moving average of $598.00 and a 200 day moving average of $558.31. The firm has a market cap of $1.56 trillion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. 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 (NASDAQ:METAGet Free Report) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, research analysts anticipate that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. Meta Platforms’s dividend payout ratio is presently 9.42%.

Meta Platforms Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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