Sivia Capital Partners LLC Purchases 162 Shares of Meta Platforms, Inc. (NASDAQ:META)

Sivia Capital Partners LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,813 shares of the social networking company’s stock after acquiring an additional 162 shares during the period. Meta Platforms makes up 1.7% of Sivia Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. Sivia Capital Partners LLC’s holdings in Meta Platforms were worth $3,404,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on META shares. Morgan Stanley increased their target price on shares of Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial raised their price target on shares of Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Monness Crespi & Hardt raised their price target on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JMP Securities raised their price target on shares of Meta Platforms from $660.00 to $750.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 2nd. Finally, UBS Group raised their price target on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $650.05.

Insider Activity at Meta Platforms

In related news, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the sale, the insider now directly owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total transaction of $21,838,890.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 423,427 shares of company stock valued at $256,996,450. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 1.2 %

Shares of NASDAQ META opened at $608.33 on Tuesday. The company’s fifty day moving average is $594.58 and its 200-day moving average is $554.18. The stock has a market cap of $1.54 trillion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Equities research analysts predict that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. Meta Platforms’s dividend payout ratio is 9.42%.

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.