Tyler Stone Wealth Management Boosts Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Tyler Stone Wealth Management grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,816 shares of the social networking company’s stock after purchasing an additional 543 shares during the period. Tyler Stone Wealth Management’s holdings in Meta Platforms were worth $2,820,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the 3rd quarter worth $36,000. Millstone Evans Group LLC bought a new position in shares of Meta Platforms during the 4th quarter worth $40,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms during the fourth quarter valued at $41,000. Finally, Cordant Inc. bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $59,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

META opened at $610.98 on Thursday. The stock has a market cap of $1.55 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a fifty day moving average price of $656.12 and a 200 day moving average price of $608.02. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

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

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.525 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.34%. Meta Platforms’s payout ratio is 8.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on META shares. Bank of America raised their target price on shares of Meta Platforms from $710.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Robert W. Baird lifted their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wolfe Research upped their target price on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Citigroup lifted their price target on Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Raymond James restated a “strong-buy” rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $718.31.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $589.16, for a total transaction of $243,323.08. Following the completion of the transaction, the chief operating officer now directly owns 17,514 shares in the company, valued at approximately $10,318,548.24. This represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 902 shares of Meta Platforms stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total transaction of $643,414.64. Following the completion of the sale, the insider now owns 27,488 shares in the company, valued at approximately $19,607,740.16. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 586,213 shares of company stock valued at $387,084,349 in the last three months. 13.71% of the stock is currently owned by company insiders.

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.