Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Lifted by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC grew its position in Meta Platforms, Inc. (NASDAQ:META) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,763 shares of the social networking company’s stock after purchasing an additional 640 shares during the period. Meta Platforms comprises about 2.3% of Catalyst Private Wealth LLC’s holdings, making the stock its 9th largest position. Catalyst Private Wealth LLC’s holdings in Meta Platforms were worth $5,131,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in META. JDM Financial Group LLC bought a new position in Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms during the 3rd quarter worth $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms during the 4th quarter valued at $41,000. Halpern Financial Inc. acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at $46,000. Finally, West Financial Advisors LLC bought a new stake in Meta Platforms in the third quarter worth $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 1.2 %

Shares of META opened at $608.33 on Tuesday. The company has a market capitalization of $1.54 trillion, a P/E ratio of 28.65, a PEG ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a one year low of $358.61 and a one year high of $638.40. The business’s 50 day simple moving average is $594.58 and its 200-day simple moving average is $554.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73.

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

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Insider Transactions at Meta Platforms

In other news, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares in the company, valued at $29,776,261.56. The trade was a 14.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 38,695 shares in the company, valued at approximately $21,416,908.60. This represents a 15.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 423,427 shares of company stock worth $256,996,450. Corporate insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on META shares. Robert W. Baird boosted their price target on Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Barclays boosted their target price on Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Mizuho increased their price target on Meta Platforms from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JMP Securities boosted their price objective 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, Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research note on Thursday, October 31st. Two equities research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $650.05.

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.