Hamilton Point Investment Advisors LLC Has $431,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Hamilton Point Investment Advisors LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 736 shares of the social networking company’s stock after purchasing an additional 55 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Meta Platforms were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in META. Geode Capital Management LLC raised its holdings in Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after acquiring an additional 698,884 shares in the last quarter. Jennison Associates LLC raised its holdings in Meta Platforms by 1.9% in the 3rd quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after acquiring an additional 263,063 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Meta Platforms by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after acquiring an additional 118,298 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Meta Platforms by 57,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after acquiring an additional 9,500,444 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Meta Platforms by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock valued at $4,101,602,000 after acquiring an additional 186,728 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the transaction, the chief financial officer now owns 51,591 shares in the company, valued at approximately $29,776,261.56. This represents a 14.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 5,057 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $2,918,698.12. Following the completion of the transaction, the chief technology officer now owns 8,565 shares in the company, valued at $4,943,375.40. This represents a 37.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 673,878 shares of company stock worth $416,269,904. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 1.0 %

Shares of Meta Platforms stock opened at $704.19 on Wednesday. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $710.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock’s 50-day moving average is $618.86 and its 200 day moving average is $570.21. The firm has a market cap of $1.78 trillion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.47 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 business posted $5.33 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 25.94 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared 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 0.28%. Meta Platforms’s payout ratio is currently 8.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on META shares. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. Wedbush reiterated an “outperform” rating and issued a $770.00 price target (up previously from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Citigroup lifted their price target on Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Roth Mkm lifted their price target on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $710.83.

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.