West Wealth Group LLC Buys 200 Shares of Meta Platforms, Inc. (NASDAQ:META)

West Wealth Group LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 799 shares of the social networking company’s stock after purchasing an additional 200 shares during the period. West Wealth Group LLC’s holdings in Meta Platforms were worth $468,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lindenwold Advisors INC grew its holdings in shares of Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after purchasing an additional 17 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in Meta Platforms by 1.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after buying an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in Meta Platforms by 0.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock worth $1,569,000 after buying an additional 17 shares in the last quarter. Central Valley Advisors LLC increased its holdings in shares of Meta Platforms by 0.3% in the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock worth $3,271,000 after buying an additional 18 shares during the last quarter. Finally, Cherrydale Wealth Management LLC lifted its holdings in shares of Meta Platforms by 0.5% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock worth $2,199,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction on Monday, November 25th. The stock was sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the sale, the chief operating officer now owns 19,579 shares of the company’s stock, valued at $11,018,473.83. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 901 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $567.70, for a total value of $511,497.70. Following the completion of the transaction, the insider now directly owns 30,581 shares in the company, valued at approximately $17,360,833.70. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 661,804 shares of company stock valued at $407,745,741 over the last three months. Insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $687.00 on Friday. The firm has a market cap of $1.73 trillion, a P/E ratio of 32.36, a PEG ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a twelve month low of $387.10 and a twelve month high of $710.79. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $611.00 and a 200 day moving average of $564.44.

Meta Platforms (NASDAQ:META) last announced its quarterly 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 return on equity of 35.60% and a net margin of 35.55%. During the same quarter in the prior year, the company earned $5.33 EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio is presently 9.42%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. DA Davidson increased their target price on Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus raised their price objective on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a report on Monday, October 14th. Benchmark raised Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price for the company in a research note on Thursday. Barclays lifted their price target on shares of Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, KeyCorp upped their price objective on shares of Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $706.76.

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.