Oregon Pacific Wealth Management LLC Acquires Shares of 1,876 Meta Platforms, Inc. (NASDAQ:META)

Oregon Pacific Wealth Management LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,876 shares of the social networking company’s stock, valued at approximately $1,098,000. Meta Platforms comprises 1.1% of Oregon Pacific Wealth Management LLC’s holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in META. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $36,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms during the 4th quarter worth approximately $41,000. Cordant Inc. purchased a new stake in shares of Meta Platforms during the 4th quarter worth approximately $59,000. Finally, Hoese & Co LLP increased its stake in shares of Meta Platforms by 2,000.0% during the 3rd quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In related news, insider Nicholas Clegg sold 1,131 shares of the business’s stock in a transaction dated 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 owns 1,229 shares in the company, valued at $709,329.64. The trade was a 47.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the transaction, the chief financial officer now owns 51,591 shares in the company, valued at $29,776,261.56. This represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 701,146 shares of company stock worth $435,387,895. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Stock Performance

Meta Platforms stock opened at $714.52 on Friday. 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 company has a market capitalization of $1.80 trillion, a PE ratio of 29.87, a P/E/G ratio of 1.47 and a beta of 1.20. The firm has a fifty day simple moving average of $627.23 and a two-hundred day simple moving average of $573.70. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $725.01.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (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 period in the previous year, the business earned $5.33 EPS. Research analysts expect that Meta Platforms, Inc. will post 25.94 EPS for the current 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is 8.36%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on META. Royal Bank of Canada lifted their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Cantor Fitzgerald lifted their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Benchmark upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective for the company in a research note on Thursday, January 30th. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Oppenheimer lifted their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $710.83.

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.