Adamsbrown Wealth Consultants LLC Acquires 28 Shares of Meta Platforms, Inc. (NASDAQ:META)

Adamsbrown Wealth Consultants LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,760 shares of the social networking company’s stock after buying an additional 28 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in Meta Platforms were worth $1,030,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after buying an additional 808 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Meta Platforms by 0.6% in the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock valued at $82,314,000 after purchasing an additional 897 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 118,298 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Meta Platforms by 111.4% in the 3rd quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock valued at $6,686,000 after purchasing an additional 6,155 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its stake in shares of Meta Platforms by 0.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock valued at $5,573,000 after purchasing an additional 65 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $711.99 on Friday. The firm has a market capitalization of $1.80 trillion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The firm has a fifty day simple moving average of $624.43 and a two-hundred day simple moving average of $572.13. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $718.90.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the firm posted $5.33 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 25.94 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is 8.36%.

Analyst Ratings Changes

A number of research firms have recently weighed in on META. Wedbush restated an “outperform” rating and issued a $770.00 price target (up from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Morgan Stanley raised their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research report on Friday, January 24th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $710.83.

Insiders Place Their Bets

In other Meta Platforms news, insider Nicholas Clegg sold 1,131 shares of Meta Platforms stock in a transaction on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $652,767.96. Following the transaction, the insider now directly owns 1,229 shares of the company’s stock, valued at $709,329.64. The trade was a 47.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 12,975 shares of Meta Platforms stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $706.72, for a total transaction of $9,169,692.00. Following the transaction, the chief executive officer now directly owns 172,046 shares in the company, valued at $121,588,349.12. This represents a 7.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 701,146 shares of company stock valued at $435,387,895 in the last three months. 13.71% of the stock is currently owned by 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.