Visionary Horizons LLC Acquires 105 Shares of Meta Platforms, Inc. (NASDAQ:META)

Visionary Horizons LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 685 shares of the social networking company’s stock after acquiring an additional 105 shares during the period. Visionary Horizons LLC’s holdings in Meta Platforms were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the 3rd quarter worth approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms during the 4th quarter worth approximately $41,000. Cordant Inc. acquired a new stake in Meta Platforms during the 4th quarter worth approximately $59,000. Finally, Reston Wealth Management LLC acquired a new stake in Meta Platforms during the 3rd quarter worth approximately $61,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

META has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets raised their target price 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. Wolfe Research raised their target price on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Oppenheimer lifted their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.

Insider Activity

In related news, CTO Andrew Bosworth sold 14,746 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.53, for a total value of $8,162,353.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Susan J. Li sold 18,644 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $553.55, for a total value of $10,320,386.20. Following the completion of the transaction, the chief financial officer now directly owns 46,769 shares of the company’s stock, valued at approximately $25,888,979.95. This trade represents a 28.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 793,070 shares of company stock valued at $504,185,108. 13.71% of the stock is owned by company insiders.

Meta Platforms Trading Up 1.1 %

Shares of Meta Platforms stock opened at $736.67 on Friday. The firm has a 50-day moving average of $638.73 and a 200-day moving average of $582.68. The stock has a market cap of $1.87 trillion, a PE ratio of 30.80, a PEG ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $5.33 earnings per share. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is presently 8.36%.

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.