Fiduciary Planning LLC Takes $324,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Fiduciary Planning LLC purchased a new position in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 914 shares of the social networking company’s stock, valued at approximately $324,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Stockton grew its position in Meta Platforms by 9.2% in the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after acquiring an additional 400 shares during the period. Signify Wealth bought a new stake in Meta Platforms in the fourth quarter valued at $228,000. Investment Research & Advisory Group Inc. grew its holdings in shares of Meta Platforms by 1.5% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock worth $3,880,000 after purchasing an additional 164 shares during the last quarter. Keel Point LLC grew its holdings in shares of Meta Platforms by 6.3% during the third quarter. Keel Point LLC now owns 6,690 shares of the social networking company’s stock worth $2,008,000 after purchasing an additional 399 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth $269,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the topic of several research analyst reports. Truist Financial increased their target price on Meta Platforms from $405.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Wolfe Research increased their target price on Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Guggenheim increased their target price on Meta Platforms from $380.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. UBS Group increased their target price on Meta Platforms from $425.00 to $530.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, TD Cowen raised their price target on Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $500.88.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $516.90 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 12 month low of $207.13 and a 12 month high of $531.49. The stock has a 50 day moving average of $485.54 and a 200-day moving average of $388.60. The company has a market capitalization of $1.32 trillion, a P/E ratio of 34.69, a P/E/G ratio of 1.33 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the previous year, the company posted $3.00 EPS. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, equities research analysts predict that Meta Platforms, Inc. will post 20.01 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.39%. Meta Platforms’s payout ratio is currently 13.42%.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $364.99, for a total value of $7,183,368.19. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,479,131 shares of company stock valued at $698,997,261. Insiders own 14.03% of the company’s stock.

Meta Platforms 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.