Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,755 shares of the social networking company’s stock after acquiring an additional 110 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Meta Platforms were worth $2,198,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. JDM Financial Group LLC bought a new position in Meta Platforms during the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms during the third quarter worth $36,000. Avondale Wealth Management purchased a new stake in Meta Platforms during the fourth quarter valued at about $41,000. Halpern Financial Inc. purchased a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $46,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at $49,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Aaron Anderson sold 731 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $618.00, for a total transaction of $559,290.00. Following the sale, the insider now owns 30,200 shares in the company, valued at $18,663,600. This trade represents a 2.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 568,016 shares of company stock worth $346,031,180. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

META stock opened at $647.49 on Monday. Meta Platforms, Inc. has a twelve month low of $385.66 and a twelve month high of $652.00. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.63 trillion, a P/E ratio of 30.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The business’s fifty day moving average is $601.93 and its 200-day moving average is $560.51.

Meta Platforms (NASDAQ:METAGet Free Report) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. Equities research analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.31%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald reduced their price target on shares of Meta Platforms from $730.00 to $720.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Citigroup increased their target price on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their target price on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Piper Sandler upped their price target on shares of Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Roth Mkm boosted their price objective on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $654.20.

Read Our Latest Report on META

Meta Platforms 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

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

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