Wiser Wealth Management Inc Buys 96 Shares of Meta Platforms, Inc. (NASDAQ:META)

Wiser Wealth Management Inc grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 614 shares of the social networking company’s stock after purchasing an additional 96 shares during the quarter. Wiser Wealth Management Inc’s holdings in Meta Platforms were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in META. Baldwin Investment Management LLC raised its holdings in shares of Meta Platforms by 30.1% during the fourth quarter. Baldwin Investment Management LLC now owns 1,425 shares of the social networking company’s stock valued at $504,000 after acquiring an additional 330 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in Meta Platforms by 1.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 3,280 shares of the social networking company’s stock worth $1,161,000 after purchasing an additional 34 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of Meta Platforms by 0.5% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 74,973 shares of the social networking company’s stock worth $26,537,000 after purchasing an additional 389 shares during the period. CFS Investment Advisory Services LLC boosted its stake in shares of Meta Platforms by 35.7% during the 4th quarter. CFS Investment Advisory Services LLC now owns 2,150 shares of the social networking company’s stock valued at $761,000 after purchasing an additional 566 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its position in shares of Meta Platforms by 22.7% during the fourth quarter. Kolinsky Wealth Management LLC now owns 3,031 shares of the social networking company’s stock valued at $1,073,000 after buying an additional 560 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 1.7 %

Shares of NASDAQ:META opened at $582.77 on Friday. The stock has a 50 day moving average of $524.47 and a 200 day moving average of $501.92. The company has a market cap of $1.48 trillion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.21. Meta Platforms, Inc. has a 12-month low of $279.40 and a 12-month high of $583.36. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.70 by $0.46. The firm had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $3.23 EPS. As a group, equities research analysts expect that Meta Platforms, Inc. will post 21.36 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 16,702 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $533.87, for a total transaction of $8,916,696.74. Following the completion of the transaction, the chief executive officer now directly owns 151,918 shares of the company’s stock, valued at $81,104,462.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total value of $483,224.75. Following the completion of the sale, the insider now directly owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 16,702 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $533.87, for a total value of $8,916,696.74. Following the transaction, the chief executive officer now directly owns 151,918 shares in the company, valued at approximately $81,104,462.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 300,228 shares of company stock valued at $158,005,260. 13.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

META has been the topic of several research reports. Raymond James lifted their price objective on Meta Platforms from $550.00 to $600.00 and gave the company a “strong-buy” rating in a research report on Monday, July 1st. Cantor Fitzgerald restated an “overweight” rating and set a $660.00 price target on shares of Meta Platforms in a research report on Monday. Citigroup increased their price objective on Meta Platforms from $580.00 to $645.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Pivotal Research began coverage on shares of Meta Platforms in a report on Tuesday. They set a “buy” rating and a $780.00 target price on the stock. Finally, JMP Securities increased their price target on shares of Meta Platforms from $550.00 to $635.00 and gave the stock a “market outperform” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $598.08.

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.