Macroview Investment Management LLC Purchases 239 Shares of Meta Platforms, Inc. (NASDAQ:META)

Macroview Investment Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 125.8% in the 4th quarter, HoldingsChannel reports. The firm owned 429 shares of the social networking company’s stock after acquiring an additional 239 shares during the quarter. Macroview Investment Management LLC’s holdings in Meta Platforms were worth $152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in Meta Platforms during the first quarter worth about $66,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Meta Platforms by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after acquiring an additional 249,926 shares in the last quarter. Ergoteles LLC raised its stake in Meta Platforms by 284.0% during the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock worth $746,000 after acquiring an additional 2,482 shares in the last quarter. First Western Trust Bank acquired a new position in Meta Platforms during the first quarter worth about $813,000. Finally, Oxford Financial Group Ltd. raised its stake in Meta Platforms by 26.9% during the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock worth $420,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the sale, the insider now directly owns 38,398 shares of the company’s stock, valued at $20,043,756. The disclosure for this sale can be found here. In the last three months, insiders sold 1,439,788 shares of company stock valued at $684,542,792. 14.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup upped their price objective on Meta Platforms from $525.00 to $590.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upped their price objective on Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein upped their price objective on Meta Platforms from $435.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research upped their price objective on Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Tigress Financial upped their target price on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $509.28.

Meta Platforms Trading Down 0.1 %

NASDAQ META opened at $499.10 on Wednesday. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 33.54, a PEG ratio of 1.28 and a beta of 1.20. The business has a fifty day simple moving average of $493.16 and a 200 day simple moving average of $396.01. Meta Platforms, Inc. has a 12 month low of $207.13 and a 12 month high of $531.49. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The business had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. Meta Platforms’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.00 EPS. On average, analysts predict that Meta Platforms, Inc. will post 20.06 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 13.42%.

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.