Tyler Stone Wealth Management Boosts Stake in Meta Platforms, Inc. (NASDAQ:META)

Tyler Stone Wealth Management increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,816 shares of the social networking company’s stock after acquiring an additional 543 shares during the quarter. Tyler Stone Wealth Management’s holdings in Meta Platforms were worth $2,820,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of META. JDM Financial Group LLC purchased a new position in shares of Meta Platforms during the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the third quarter worth about $36,000. Millstone Evans Group LLC purchased a new position in Meta Platforms during the fourth quarter worth about $40,000. Avondale Wealth Management acquired a new position in Meta Platforms in the 4th quarter valued at about $41,000. Finally, Cordant Inc. purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on META. JPMorgan Chase & Co. upped their price objective on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Truist Financial increased their price target on Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Rosenblatt Securities restated a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. Pivotal Research increased their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Wolfe Research boosted their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $718.31.

Meta Platforms Stock Down 2.4 %

Shares of NASDAQ META opened at $610.98 on Thursday. The stock has a market cap of $1.55 trillion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The business has a 50-day moving average price of $656.12 and a 200 day moving average price of $608.02. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

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 return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the company earned $5.33 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.34%. Meta Platforms’s payout ratio is currently 8.78%.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 2,311 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $600.21, for a total transaction of $1,387,085.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 608 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $614.97, for a total value of $373,901.76. Following the completion of the transaction, the chief operating officer now directly owns 6,838 shares in the company, valued at approximately $4,205,164.86. The trade was a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 586,213 shares of company stock valued at $387,084,349. Insiders own 13.71% of the company’s stock.

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.