Meta Platforms, Inc. (NASDAQ:META) Stake Boosted by McAdam LLC

McAdam LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 38.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,558 shares of the social networking company’s stock after buying an additional 982 shares during the quarter. McAdam LLC’s holdings in Meta Platforms were worth $1,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC lifted its position in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares in the last quarter. PayPay Securities Corp boosted its stake in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after buying an additional 43 shares during the period. Cranbrook Wealth Management LLC grew its holdings in shares of Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in shares of Meta Platforms in the fourth quarter worth $39,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $10.60 during trading on Monday, reaching $432.69. 8,145,736 shares of the company’s stock were exchanged, compared to its average volume of 18,254,248. The firm’s 50-day moving average price is $494.48 and its 200 day moving average price is $405.39. The company has a market cap of $1.10 trillion, a P/E ratio of 25.07, a PEG ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. As a group, research analysts anticipate that Meta Platforms, Inc. will post 20.2 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is presently 11.49%.

Analyst Ratings Changes

A number of research analysts have issued reports on META shares. Deutsche Bank Aktiengesellschaft cut their price objective on Meta Platforms from $540.00 to $500.00 and set a “buy” rating for the company in a report on Thursday. Roth Mkm boosted their target price on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday. Monness Crespi & Hardt raised their price target on Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets boosted their price objective on Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Finally, Jefferies Financial Group reduced their target price on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.18.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 10,956 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 transaction of $5,185,255.68. Following the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total transaction of $287,381.25. Following the transaction, the insider now directly owns 37,228 shares of the company’s stock, valued at approximately $18,288,255. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the sale, the chief financial officer now owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,277,048 shares of company stock worth $620,679,759. 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.