Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Capital Planning Advisors LLC

Capital Planning Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,968 shares of the social networking company’s stock after acquiring an additional 378 shares during the quarter. Meta Platforms makes up approximately 1.2% of Capital Planning Advisors LLC’s holdings, making the stock its 23rd biggest holding. Capital Planning Advisors LLC’s holdings in Meta Platforms were worth $7,593,000 at the end of the most recent quarter.

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

Meta Platforms Stock Up 1.7 %

META opened at $647.49 on Monday. The stock has a fifty day moving average of $601.93 and a 200-day moving average of $560.51. The company has a market capitalization of $1.63 trillion, a P/E ratio of 30.50, a P/E/G ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a fifty-two week low of $385.66 and a fifty-two week high of $652.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73.

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

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.31%. Meta Platforms’s dividend payout ratio is presently 9.42%.

Insider Activity

In related news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total transaction of $21,838,890.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $618.00, for a total transaction of $559,290.00. Following the transaction, the insider now owns 30,200 shares of the company’s stock, valued at approximately $18,663,600. This represents a 2.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 568,016 shares of company stock worth $346,031,180. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on META shares. KeyCorp upped their price objective on shares of Meta Platforms from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Wedbush restated an “outperform” rating and issued a $700.00 price target (up from $680.00) on shares of Meta Platforms in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on Meta Platforms from $555.00 to $636.00 and gave the company a “buy” rating in a report on Monday, October 14th. Mizuho increased their target price on Meta Platforms from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $654.20.

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.