Roffman Miller Associates Inc. PA Acquires 425 Shares of Meta Platforms, Inc. (NASDAQ:META)

Roffman Miller Associates Inc. PA boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,347 shares of the social networking company’s stock after purchasing an additional 425 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Meta Platforms were worth $1,893,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after acquiring an additional 32,423 shares during the period. Bank of Stockton grew its stake in Meta Platforms by 9.2% in the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after acquiring an additional 400 shares during the period. Signify Wealth acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $228,000. Illinois Municipal Retirement Fund grew its stake in Meta Platforms by 1.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after acquiring an additional 4,025 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its stake in Meta Platforms by 1.5% in the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Down 0.4 %

META traded down $1.58 during midday trading on Friday, reaching $439.80. 26,147,784 shares of the company’s stock traded hands, compared to its average volume of 18,303,029. The firm has a fifty day moving average of $495.08 and a two-hundred day moving average of $403.40. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. Meta Platforms, Inc. has a 52 week low of $229.85 and a 52 week high of $531.49.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.37% and a net margin of 32.06%. On average, equities analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 11.49%.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $393.85, for a total value of $7,751,361.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now owns 18,432 shares in the company, valued at approximately $8,723,496.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,349,148 shares of company stock valued at $649,552,559. Corporate insiders own 13.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on META shares. Oppenheimer reduced their price objective on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday. Mizuho lifted their target price on Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. TD Cowen cut their target price on Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group cut their target price on Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada cut their target price on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $509.18.

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.