Fielder Capital Group LLC Buys 28 Shares of Meta Platforms, Inc. (NASDAQ:META)

Fielder Capital Group LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,073 shares of the social networking company’s stock after purchasing an additional 28 shares during the quarter. Fielder Capital Group LLC’s holdings in Meta Platforms were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of META. JDM Financial Group LLC purchased a new position in shares of Meta Platforms during the third quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms during the 3rd quarter valued at about $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the 4th quarter valued at about $41,000. Cordant Inc. purchased a new stake in shares of Meta Platforms in the 4th quarter worth approximately $59,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Meta Platforms during the third quarter valued at approximately $70,000. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $589.16, for a total value of $243,323.08. Following the transaction, the chief operating officer now owns 17,514 shares in the company, valued at approximately $10,318,548.24. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $644.00, for a total transaction of $593,124.00. Following the sale, the insider now directly owns 33,945 shares in the company, valued at approximately $21,860,580. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775,295 shares of company stock valued at $504,237,715 over the last quarter. 13.71% of the stock is currently owned by insiders.

Meta Platforms Trading Down 4.3 %

Shares of META stock opened at $627.93 on Friday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a market cap of $1.59 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a 50 day simple moving average of $656.39 and a 200-day simple moving average of $599.31.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $5.33 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.33%. The ex-dividend date is Friday, March 14th. Meta Platforms’s payout ratio is 8.78%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on META. Royal Bank of Canada boosted their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their target price on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research note on Monday, January 6th. KeyCorp increased their price target on shares of Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Argus set a $775.00 price objective on shares of Meta Platforms in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $719.26.

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.