Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 11.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,875 shares of the social networking company’s stock after purchasing an additional 5,625 shares during the period. Foundations Investment Advisors LLC’s holdings in Meta Platforms were worth $33,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JDM Financial Group LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the third quarter valued at $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms during the fourth quarter worth $41,000. Halpern Financial Inc. bought a new position in shares of Meta Platforms in the 3rd quarter worth about $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms in the 3rd quarter valued at about $49,000. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on META. Sanford C. Bernstein upped their target price on Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, October 25th. TD Cowen raised their target price on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. JMP Securities restated a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a research report on Monday. Pivotal Research lifted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Scotiabank boosted their target price on shares of Meta Platforms from $583.00 to $627.00 and gave the company a “sector perform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $706.76.

Meta Platforms Trading Up 1.6 %

Shares of NASDAQ:META opened at $687.00 on Friday. 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 stock’s 50-day moving average is $611.00 and its 200-day moving average is $564.44. The company has a market cap of $1.73 trillion, a P/E ratio of 32.36, a P/E/G ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a 52-week low of $387.10 and a 52-week high of $710.79.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. During the same period in the prior year, the company posted $5.33 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the sale, the chief financial officer now directly owns 51,591 shares of the company’s stock, valued at $29,776,261.56. This trade represents a 14.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $511,497.70. Following the transaction, the insider now owns 30,581 shares in the company, valued at $17,360,833.70. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 661,804 shares of company stock worth $407,745,741 in the last ninety days. 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.