By otakuyassine3@gmail.com 
Keybank National Association OH boosted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,701 shares of the social networking company’s stock after acquiring an additional 950 shares during the period. Keybank National Association OH’s holdings in Meta Platforms were worth $63,646,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in Meta Platforms by 1.4% in the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after acquiring an additional 808 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Meta Platforms by 0.6% during the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after buying an additional 897 shares in the last quarter. Brueske Advisory Services LLC bought a new position in shares of Meta Platforms during the 4th quarter worth approximately $459,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Meta Platforms by 0.9% during the 3rd 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. Finally, LS Investment Advisors LLC boosted its holdings in shares of Meta Platforms by 111.4% during the 3rd quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock worth $6,686,000 after buying an additional 6,155 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.
Insider Transactions at Meta Platforms
In other Meta Platforms news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $629.56, for a total value of $260,008.28. Following the completion of the transaction, the chief operating officer now owns 18,340 shares in the company, valued at $11,546,130.40. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $644.00, for a total value of $593,124.00. Following the completion of the transaction, the insider now owns 33,945 shares of the company’s stock, valued at approximately $21,860,580. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 761,002 shares of company stock worth $495,449,598. 13.71% of the stock is owned by company insiders.
Meta Platforms Stock Down 4.4 %
META stock opened at $597.99 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The stock has a fifty day moving average of $657.04 and a 200-day moving average of $601.41.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the business posted $5.33 earnings per share. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio is presently 8.78%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. JMP Securities restated a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a report on Monday, January 27th. Jefferies Financial Group increased their price target on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Argus set a $775.00 price target on Meta Platforms in a report on Tuesday, February 4th. Royal Bank of Canada increased their price target on Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Morgan Stanley upped their target price on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $719.26.
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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