Blackhawk Capital Partners LLC. Sells 801 Shares of Meta Platforms, Inc. (NASDAQ:META)

Blackhawk Capital Partners LLC. decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,186 shares of the social networking company’s stock after selling 801 shares during the quarter. Meta Platforms comprises approximately 4.6% of Blackhawk Capital Partners LLC.’s investment portfolio, making the stock its 2nd biggest holding. Blackhawk Capital Partners LLC.’s holdings in Meta Platforms were worth $8,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of META. JDM Financial Group LLC acquired a new position in shares of Meta Platforms during the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms during the third quarter valued at approximately $36,000. Avondale Wealth Management acquired a new position in Meta Platforms during the fourth quarter valued at approximately $41,000. Cordant Inc. bought a new stake in Meta Platforms in the fourth quarter valued at approximately $59,000. Finally, Reston Wealth Management LLC acquired a new stake in Meta Platforms in the third quarter worth $61,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on META. Truist Financial upped their price objective on shares of Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Cantor Fitzgerald increased their price target on Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective on the stock in a report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $770.00 target price (up from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Finally, DA Davidson raised their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. 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, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $719.26.

Meta Platforms Stock Up 1.5 %

Meta Platforms stock opened at $668.20 on Monday. The company’s 50-day moving average price is $653.18 and its two-hundred day moving average price is $597.08. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.69 trillion, a P/E ratio of 27.93, a P/E/G ratio of 1.42 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.

Meta Platforms (NASDAQ:META) last announced its earnings results 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 return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the company earned $5.33 EPS. As a group, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Insider Activity

In other news, CFO Susan J. Li sold 8,553 shares of the firm’s stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the transaction, the chief financial officer now directly owns 51,793 shares of the company’s stock, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total value of $21,838,890.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 813,538 shares of company stock valued at $526,326,729. 13.71% of the stock is owned by company insiders.

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.