1834 Investment Advisors Co. Has $1.78 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

1834 Investment Advisors Co. raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,036 shares of the social networking company’s stock after buying an additional 25 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Meta Platforms were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Lindenwold Advisors INC increased its position in Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after acquiring an additional 17 shares during the period. Insight Wealth Strategies LLC grew its position in Meta Platforms by 1.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after purchasing an additional 17 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in Meta Platforms by 0.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock valued at $1,569,000 after acquiring an additional 17 shares in the last quarter. Central Valley Advisors LLC raised its holdings in Meta Platforms by 0.3% in the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after acquiring an additional 18 shares in the last quarter. Finally, Cherrydale Wealth Management LLC lifted its position in shares of Meta Platforms by 0.5% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock worth $2,199,000 after acquiring an additional 18 shares during the period. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total value of $24,195,307.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $627.59, for a total transaction of $259,194.67. Following the sale, the chief operating officer now owns 15,862 shares in the company, valued at $9,954,832.58. This trade represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 661,312 shares of company stock valued at $407,377,422. Company insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. Sanford C. Bernstein upped their target price on Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays increased their price objective on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Wednesday. Raymond James increased their price target on shares of Meta Platforms from $675.00 to $725.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, TD Cowen lifted their price objective on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $655.41.

Meta Platforms Price Performance

Shares of META opened at $676.49 on Thursday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.71 trillion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The stock’s 50-day moving average price is $608.52 and its two-hundred day moving average price is $563.58. Meta Platforms, Inc. has a 1 year low of $387.10 and a 1 year high of $682.58.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. During the same quarter in the previous year, the company earned $5.33 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued 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 is presently 9.42%.

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.