Roundview Capital LLC Purchases 976 Shares of Meta Platforms, Inc. (NASDAQ:META)

Roundview Capital LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,584 shares of the social networking company’s stock after acquiring an additional 976 shares during the quarter. Meta Platforms comprises 1.3% of Roundview Capital LLC’s holdings, making the stock its 14th largest holding. Roundview Capital LLC’s holdings in Meta Platforms were worth $17,907,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of META. Vanguard Group Inc. increased its holdings in Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock worth $111,948,344,000 after purchasing an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after buying an additional 698,884 shares during the last quarter. Norges Bank bought a new stake in Meta Platforms during the fourth quarter worth $19,949,512,000. Charles Schwab Investment Management Inc. raised its position in Meta Platforms by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after buying an additional 424,201 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Meta Platforms by 27.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock valued at $5,211,967,000 after acquiring an additional 1,892,509 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on META shares. Piper Sandler increased their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Oppenheimer increased their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Bank of America boosted their target price on Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Argus set a $775.00 price target on Meta Platforms in a research report on Tuesday, February 4th. Finally, Wedbush reiterated an “outperform” rating and set a $770.00 price target (up from $700.00) on shares of Meta Platforms 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 assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $718.55.

Meta Platforms Trading Down 0.1 %

Shares of META opened at $576.36 on Tuesday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a market capitalization of $1.46 trillion, a P/E ratio of 24.10, 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’s 50 day simple moving average is $654.50 and its 200 day simple moving average is $610.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating 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 in the previous year, the company posted $5.33 EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. 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 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is presently 8.78%.

Insider Activity at Meta Platforms

In related news, insider Christopher K. Cox sold 20,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $677.71, for a total transaction of $13,554,200.00. Following the transaction, the insider now owns 308,686 shares of the company’s stock, valued at approximately $209,199,589.06. This trade represents a 6.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $603.98, for a total transaction of $21,695,565.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 583,505 shares of company stock valued at $385,495,911. Corporate insiders own 13.71% of the company’s stock.

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.