OLIO Financial Planning acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 545 shares of the social networking company’s stock, valued at approximately $319,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the period. Jennison Associates LLC boosted its stake in shares of Meta Platforms by 1.9% in the third quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after buying an additional 263,063 shares during the period. Charles Schwab Investment Management Inc. grew its position in Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock worth $7,915,451,000 after buying an additional 118,298 shares in the last quarter. International Assets Investment Management LLC increased its stake in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after acquiring an additional 9,500,444 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Meta Platforms by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock valued at $4,101,602,000 after acquiring an additional 186,728 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Stock Performance
Shares of META stock opened at $676.49 on Thursday. Meta Platforms, Inc. has a one year low of $387.10 and a one year high of $682.58. The firm has a 50-day moving average of $608.52 and a 200-day moving average of $563.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market cap of $1.71 trillion, a P/E ratio of 31.86, a P/E/G ratio of 1.18 and a beta of 1.19.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.30%. Meta Platforms’s dividend payout ratio is presently 9.42%.
Insider Buying and Selling at Meta Platforms
In related news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total transaction of $21,838,890.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the business’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 transaction, the insider now directly owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. This represents a 15.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 661,312 shares of company stock valued at $407,377,422 over the last three months. 13.71% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
META has been the subject of a number of analyst reports. TD Cowen boosted their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Raymond James lifted their price target on Meta Platforms from $675.00 to $725.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. Wedbush reissued an “outperform” rating and issued a $700.00 price objective (up previously from $680.00) on shares of Meta Platforms in a research note on Wednesday, January 22nd. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Monday. Finally, Monness Crespi & Hardt lifted their price target on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.41.
Read Our Latest Report on META
Meta Platforms Company Profile
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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