Jamison Private Wealth Management Inc. Acquires 206 Shares of Meta Platforms, Inc. (NASDAQ:META)

Jamison Private Wealth Management Inc. lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,811 shares of the social networking company’s stock after acquiring an additional 206 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Meta Platforms were worth $8,087,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. JDM Financial Group LLC acquired a new stake in Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the 3rd quarter valued at $36,000. Avondale Wealth Management bought a new stake in Meta Platforms in the fourth quarter valued at $41,000. Halpern Financial Inc. acquired a new position in Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC bought a new position in shares of Meta Platforms during the third quarter valued at $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on META. Raymond James increased their target price 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. Pivotal Research lifted their target price on shares of Meta Platforms from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird increased their price target on Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. TD Cowen lifted their price objective on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Susquehanna increased their target price on Meta Platforms from $600.00 to $675.00 and gave the stock a “positive” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $655.41.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 22,366 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $648.68, for a total value of $14,508,376.88. Following the sale, the chief executive officer now owns 580 shares of the company’s stock, valued at $376,234.40. The trade was a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. This trade represents a 15.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 661,312 shares of company stock worth $407,377,422. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $676.49 on Thursday. The firm’s 50 day moving average price is $608.52 and its two-hundred day moving average price is $563.58. 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, Inc. has a twelve month low of $387.10 and a twelve month high of $682.58. The firm has a market cap of $1.71 trillion, a P/E ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19.

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 net margin of 35.55% and a return on equity of 35.60%. During the same period last year, the firm posted $5.33 earnings per share. On average, analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

About Meta Platforms

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.