Oxford Wealth Group LLC Has $4.71 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Oxford Wealth Group LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,041 shares of the social networking company’s stock after selling 137 shares during the quarter. Meta Platforms comprises 3.0% of Oxford Wealth Group LLC’s portfolio, making the stock its 7th biggest holding. Oxford Wealth Group LLC’s holdings in Meta Platforms were worth $4,708,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MGO One Seven LLC grew its holdings in Meta Platforms by 15.3% in the 4th quarter. MGO One Seven LLC now owns 30,980 shares of the social networking company’s stock valued at $18,139,000 after buying an additional 4,101 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in Meta Platforms by 0.9% in the 4th quarter. Pinebridge Investments L.P. now owns 476,667 shares of the social networking company’s stock valued at $279,093,000 after purchasing an additional 4,034 shares during the period. Price T Rowe Associates Inc. MD grew its position in Meta Platforms by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company’s stock worth $24,777,282,000 after purchasing an additional 1,049,121 shares during the last quarter. Quantessence Capital LLC bought a new position in shares of Meta Platforms during the 4th quarter worth about $10,386,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $468,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of several research reports. Susquehanna boosted their price target on Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a research note on Thursday, January 30th. Oppenheimer upped their target price on Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Guggenheim reduced their target price on Meta Platforms from $750.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Mizuho boosted their price target on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets raised their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $681.67.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $531.22, for a total transaction of $489,253.62. Following the sale, the insider now directly owns 28,419 shares in the company, valued at approximately $15,096,741.18. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $627.59, for a total transaction of $259,194.67. Following the completion of the transaction, the chief operating officer now directly owns 15,862 shares in the company, valued at approximately $9,954,832.58. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,662 shares of company stock valued at $237,476,709. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Up 3.2 %

NASDAQ:META opened at $500.28 on Wednesday. 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, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The stock’s fifty day simple moving average is $598.76 and its 200-day simple moving average is $605.69. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 20.91, a P/E/G ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted $5.33 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is currently 8.78%.

Meta Platforms 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.