Robertson Stephens Wealth Management LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,714 shares of the social networking company's stock after acquiring an additional 583 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Meta Platforms were worth $4,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of META. JDM Financial Group LLC bought a new position in shares of Meta Platforms during the third quarter worth $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms during the third quarter worth $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms during the fourth quarter worth $41,000. Cordant Inc. bought a new position in shares of Meta Platforms during the fourth quarter worth $59,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $61,000. 79.91% of the stock is owned by institutional investors.

NASDAQ META opened at $717.40 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.82 trillion, a P/E ratio of 29.99, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $725.01. The firm has a 50-day moving average price of $629.73 and a two-hundred day moving average price of $576.95.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS 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 period in the previous year, the firm posted $5.33 earnings per share. Analysts anticipate that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, December 16th. Meta Platforms's payout ratio is presently 8.36%.

In related news, insider Nicholas Clegg sold 7,296 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the completion of the transaction, the insider now directly owns 38,695 shares in the company, valued at $21,416,908.60. This represents a 15.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 5,057 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $577.16, for a total transaction of $2,918,698.12. Following the transaction, the chief technology officer now owns 8,565 shares of the company's stock, valued at approximately $4,943,375.40. This represents a 37.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 756,735 shares of company stock worth $475,285,232. 13.71% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the stock. Wolfe Research raised their price objective on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Bank of America raised their price objective on shares of Meta Platforms from $710.00 to $765.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. UBS Group raised their price objective on shares of Meta Platforms from $736.00 to $786.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Citigroup raised their price objective on shares of Meta Platforms from $753.00 to $780.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Arete Research upgraded shares of Meta Platforms to a "hold" rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $710.83.

Read Our Latest Stock Report on 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.

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