1,281 Shares in Meta Platforms, Inc. (NASDAQ:META) Acquired by Berkshire Money Management Inc.

Berkshire Money Management Inc. bought a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,281 shares of the social networking company’s stock, valued at approximately $750,000.

Several other hedge funds have also added to or reduced their stakes in the business. Stephens Consulting LLC increased its stake in Meta Platforms by 5.3% during the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock valued at $186,000 after buying an additional 16 shares during the period. Lindenwold Advisors INC raised its holdings in Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after purchasing an additional 17 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in Meta Platforms by 1.6% in the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after purchasing an additional 17 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in Meta Platforms by 0.6% during the 4th 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 in the last quarter. Finally, Cherrydale Wealth Management LLC increased its position in shares of Meta Platforms by 0.5% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock valued at $2,199,000 after purchasing an additional 18 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird raised their target price on Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank boosted their target price on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Wells Fargo & Company lifted their price target on shares of Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, DA Davidson increased their price objective on Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research report 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $710.83.

Meta Platforms Trading Up 0.4 %

Meta Platforms stock opened at $717.40 on Tuesday. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $725.01. The company’s fifty day moving average price is $629.73 and its two-hundred day moving average price is $576.95. 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 company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.46 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $5.33 EPS. On average, analysts forecast that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid 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%.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 55,589 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total value of $39,897,337.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the transaction, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 756,735 shares of company stock valued at $475,285,232. Company insiders own 13.71% of the company’s stock.

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.