Revolve Wealth Partners LLC Raises Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Revolve Wealth Partners LLC lifted its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 10.2% in the fourth quarter, Holdings Channel reports. The firm owned 9,456 shares of the social networking company’s stock after buying an additional 875 shares during the period. Meta Platforms accounts for 0.6% of Revolve Wealth Partners LLC’s investment portfolio, making the stock its 26th largest holding. Revolve Wealth Partners LLC’s holdings in Meta Platforms were worth $5,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of META. JDM Financial Group LLC bought a new position in shares of Meta Platforms during the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms in the third quarter worth about $36,000. Avondale Wealth Management bought a new position in Meta Platforms during the 4th quarter worth about $41,000. Halpern Financial Inc. purchased a new position in Meta Platforms during the 3rd quarter valued at about $46,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Meta Platforms in the 3rd quarter worth approximately $49,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.3 %

Shares of Meta Platforms stock opened at $689.18 on Friday. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week high of $710.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market cap of $1.74 trillion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19. The firm has a 50-day simple moving average of $613.60 and a two-hundred day simple moving average of $565.78.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 39.74% and a net margin of 37.91%. During the same quarter in the prior year, the company earned $5.33 EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 25.44 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is presently 8.36%.

Analyst Ratings Changes

Several equities analysts recently issued reports on META shares. Raymond James reissued a “strong-buy” rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Thursday. Wolfe Research lifted their price target on Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. DA Davidson upped their price objective on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research note on Monday, January 27th. Finally, Barclays increased their price target on shares of Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $706.76.

Get Our Latest Analysis on META

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 901 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $567.70, for a total transaction of $511,497.70. Following the completion of the sale, the insider now owns 30,581 shares of the company’s stock, valued at $17,360,833.70. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Clegg sold 1,131 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $652,767.96. Following the completion of the transaction, the insider now directly owns 1,229 shares in the company, valued at $709,329.64. This represents a 47.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 661,804 shares of company stock worth $407,745,741. Company insiders own 13.71% of the company’s stock.

Meta Platforms Company 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.

Further Reading

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:METAFree Report).

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

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.