Revolve Wealth Partners LLC Boosts Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Revolve Wealth Partners LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,456 shares of the social networking company’s stock after acquiring an additional 875 shares during the period. Meta Platforms comprises approximately 0.6% of Revolve Wealth Partners LLC’s holdings, making the stock its 26th largest position. Revolve Wealth Partners LLC’s holdings in Meta Platforms were worth $5,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. JDM Financial Group LLC bought a new position in Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms during the 3rd quarter valued at $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. purchased a new position in shares of Meta Platforms in the 3rd quarter worth $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the third quarter worth $49,000. 79.91% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01. Following the transaction, the chief operating officer now owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 901 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $567.70, for a total value of $511,497.70. Following the sale, the insider now directly owns 30,581 shares of the company’s stock, valued at $17,360,833.70. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 661,804 shares of company stock valued at $407,745,741. 13.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

META has been the topic of a number of recent research reports. Hsbc Global Res raised Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Truist Financial boosted their target price on shares of Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a research report on Thursday. Pivotal Research increased their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup lifted their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $706.76.

Meta Platforms Stock Up 0.3 %

Shares of NASDAQ:META opened at $689.18 on Friday. The company has a 50-day moving average price of $613.60 and a 200 day moving average price of $565.78. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 12 month low of $387.10 and a 12 month high of $710.79. The company has a market cap of $1.74 trillion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.35 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 39.74% and a net margin of 37.91%. During the same period last year, the business posted $5.33 earnings per share. As a group, equities research analysts predict that Meta Platforms, Inc. will post 25.44 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is 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.