AM Investment Strategies LLC Has $15.25 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

AM Investment Strategies LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 26,050 shares of the social networking company’s stock after acquiring an additional 459 shares during the period. Meta Platforms makes up 3.7% of AM Investment Strategies LLC’s investment portfolio, making the stock its 5th largest holding. AM Investment Strategies LLC’s holdings in Meta Platforms were worth $15,253,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in META. JDM Financial Group LLC bought a new position in Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms during the 3rd quarter valued at approximately $36,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms in the fourth quarter valued at $41,000. Halpern Financial Inc. bought a new stake in Meta Platforms in the third quarter worth $46,000. Finally, West Financial Advisors LLC purchased a new stake in Meta Platforms during the third quarter valued at $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $659.88 on Tuesday. Meta Platforms, Inc. has a one year low of $387.10 and a one year high of $663.87. The company has a market capitalization of $1.67 trillion, a PE ratio of 31.08, a P/E/G ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company has a 50-day simple moving average of $604.04 and a two-hundred day simple moving average of $561.55.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Research analysts expect that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.30%. Meta Platforms’s dividend payout ratio (DPR) is 9.42%.

Analyst Upgrades and Downgrades

META has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Citigroup upped their price objective on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a report on Monday. Wells Fargo & Company increased their price target on Meta Platforms from $641.00 to $685.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $654.20.

Insider Activity at Meta Platforms

In other news, insider Nicholas Clegg sold 7,296 shares of the company’s stock in a transaction dated 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 owns 38,695 shares in the company, valued at $21,416,908.60. This represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 420 shares of Meta Platforms stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $600.17, for a total transaction of $252,071.40. Following the completion of the sale, the chief executive officer now owns 518,004 shares of the company’s stock, valued at $310,890,460.68. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 603,032 shares of company stock valued at $368,666,614 in the last ninety days. Corporate insiders own 13.71% 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.