Mosaic Financial Group LLC Makes New $367,000 Investment in Meta Platforms, Inc. (NASDAQ:META)

Mosaic Financial Group LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 626 shares of the social networking company’s stock, valued at approximately $367,000.

Several other large investors also recently modified their holdings of the stock. JDM Financial Group LLC bought a new position in shares of Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the 3rd quarter valued at $36,000. Millstone Evans Group LLC bought a new position in Meta Platforms in the 4th quarter valued at $40,000. Avondale Wealth Management acquired a new position in Meta Platforms in the fourth quarter worth $41,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth $43,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on META. Truist Financial boosted their target price on shares of Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Pivotal Research boosted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Oppenheimer increased their price objective on Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Susquehanna boosted their target price on Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research report on Thursday, January 30th. Finally, Wolfe Research raised 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $718.55.

Meta Platforms Trading Down 0.1 %

Shares of META opened at $576.36 on Tuesday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a market capitalization of $1.46 trillion, a P/E ratio of 24.10, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm’s 50 day simple moving average is $654.50 and its 200 day simple moving average is $610.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data 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 38.17%. During the same quarter in the previous year, the company posted $5.33 EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms’s dividend payout ratio is presently 8.78%.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $603.98, for a total transaction of $21,695,565.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $612.10, for a total transaction of $252,797.30. Following the completion of the sale, the chief operating officer now owns 17,101 shares of the company’s stock, valued at approximately $10,467,522.10. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 583,505 shares of company stock worth $385,495,911. 13.71% of the stock is currently owned by insiders.

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.