Conservest Capital Advisors Inc. Buys 195 Shares of Meta Platforms, Inc. (NASDAQ:META)

Conservest Capital Advisors Inc. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 16.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,417 shares of the social networking company’s stock after purchasing an additional 195 shares during the period. Conservest Capital Advisors Inc.’s holdings in Meta Platforms were worth $502,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Stone House Investment Management LLC grew its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Gilfoyle & Co LLC bought a new stake in Meta Platforms during the fourth quarter valued at about $39,000. Cranbrook Wealth Management LLC grew its holdings in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares during the period. Finally, PayPay Securities Corp boosted its stake in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after acquiring an additional 43 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 6,500 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the sale, the chief operating officer now owns 68,935 shares of the company’s stock, valued at approximately $27,574,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 65,600 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $400.50, for a total transaction of $26,272,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 6,500 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $400.00, for a total value of $2,600,000.00. Following the sale, the chief operating officer now directly owns 68,935 shares in the company, valued at approximately $27,574,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,349,148 shares of company stock valued at $649,552,559. 13.75% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Up 0.4 %

NASDAQ:META traded up $1.91 during midday trading on Friday, hitting $443.29. The stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. Meta Platforms, Inc. has a one year low of $229.85 and a one year high of $531.49. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.13 and a beta of 1.20. The stock has a 50-day moving average of $494.48 and a 200 day moving average of $404.85. The company has a quick ratio of 2.67, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 20.2 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on META. Susquehanna upped their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Canaccord Genuity Group dropped their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group upped their price objective on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $550.00 price objective on shares of Meta Platforms in a research note on Monday, April 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $545.00 price objective (down previously from $600.00) on shares of Meta Platforms in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $509.18.

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.