Meta Platforms, Inc. (NASDAQ:META) Stake Raised by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. increased its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 43.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,557 shares of the social networking company’s stock after buying an additional 472 shares during the quarter. Whitaker Myers Wealth Managers LTD.’s holdings in Meta Platforms were worth $912,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the third quarter worth approximately $36,000. Avondale Wealth Management bought a new position in Meta Platforms during the 4th quarter valued at $41,000. Halpern Financial Inc. acquired a new position in shares of Meta Platforms during the 3rd quarter valued at $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $574.16, for a total value of $237,128.08. Following the transaction, the chief operating officer now directly owns 10,707 shares in the company, valued at $6,147,531.12. This trade represents a 3.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total value of $22,746,973.25. The disclosure for this sale can be found here. Insiders sold a total of 495,269 shares of company stock worth $300,888,396 over the last three months. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Trading Up 0.2 %

META opened at $612.77 on Tuesday. Meta Platforms, Inc. has a 1-year low of $370.95 and a 1-year high of $638.40. The stock has a market capitalization of $1.55 trillion, a PE ratio of 28.86, a PEG ratio of 1.22 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $597.37 and a two-hundred day moving average price of $557.77.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is 9.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on META. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $670.00 target price on shares of Meta Platforms in a report on Wednesday, October 16th. Roth Mkm lifted their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Barclays lifted their price objective on Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price target on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $650.05.

View Our Latest Stock Analysis on Meta Platforms

Meta Platforms Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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