VCI Wealth Management LLC Buys 156 Shares of Meta Platforms, Inc. (NASDAQ:META)

VCI Wealth Management LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,604 shares of the social networking company’s stock after purchasing an additional 156 shares during the quarter. Meta Platforms accounts for 1.6% of VCI Wealth Management LLC’s holdings, making the stock its 17th biggest holding. VCI Wealth Management LLC’s holdings in Meta Platforms were worth $3,867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of META. International Assets Investment Management LLC lifted its stake in Meta Platforms by 57,001.5% in the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after purchasing an additional 9,500,444 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC lifted its stake in shares of Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after acquiring an additional 890,434 shares during the last quarter. Geode Capital Management LLC grew its position in Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after acquiring an additional 698,884 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Meta Platforms by 14.6% in the third quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock worth $2,471,822,000 after purchasing an additional 550,852 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.3 %

Shares of META stock opened at $689.18 on Friday. Meta Platforms, Inc. has a twelve month low of $387.10 and a twelve month high of $710.79. The stock has a market cap of $1.74 trillion, a P/E ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19. The stock has a 50 day moving average of $613.60 and a 200 day moving average of $565.78. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 39.74%. During the same quarter last year, the business posted $5.33 earnings per share. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 25.44 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total transaction of $24,195,307.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 901 shares of Meta Platforms stock in a transaction on 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 directly owns 30,581 shares in the company, valued at $17,360,833.70. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 661,804 shares of company stock valued at $407,745,741. 13.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on META. Rosenblatt Securities reissued a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Monness Crespi & Hardt increased their price objective on Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price objective on Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday. Susquehanna increased their target price on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Meta Platforms from $590.00 to $663.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $706.76.

Meta Platforms Company 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.