Impact Partnership Wealth LLC Boosts Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Impact Partnership Wealth LLC raised its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,170 shares of the social networking company’s stock after purchasing an additional 226 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Meta Platforms were worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of META. Lindenwold Advisors INC boosted 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 buying an additional 17 shares in the last quarter. Insight Wealth Strategies LLC boosted its stake in shares of Meta Platforms by 1.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after acquiring an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Meta Platforms by 0.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock worth $1,569,000 after acquiring an additional 17 shares during the last quarter. Central Valley Advisors LLC raised its position in shares of Meta Platforms by 0.3% during the third quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock worth $3,271,000 after purchasing an additional 18 shares during the period. Finally, Cherrydale Wealth Management LLC lifted its holdings in shares of Meta Platforms by 0.5% during the third 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 last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 1.9 %

Shares of NASDAQ META opened at $659.88 on Tuesday. Meta Platforms, Inc. has a 12-month low of $387.10 and a 12-month high of $663.87. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.67 trillion, a PE ratio of 31.08, a P/E/G ratio of 1.18 and a beta of 1.19. The company’s fifty day simple moving average is $604.04 and its 200 day simple moving average is $561.55.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 420 shares of Meta Platforms stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $600.17, for a total transaction of $252,071.40. Following the transaction, the chief executive officer now owns 518,004 shares of the company’s stock, valued at $310,890,460.68. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Susan J. Li sold 8,951 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the sale, the chief financial officer now directly owns 51,591 shares of the company’s stock, valued at $29,776,261.56. The trade was a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 603,032 shares of company stock valued at $368,666,614. 13.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on META shares. The Goldman Sachs Group lifted their price target on Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Robert W. Baird raised their price target on shares of Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Piper Sandler boosted their price objective on shares of Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their target price on shares of Meta Platforms from $641.00 to $685.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Guggenheim boosted their price target on shares of Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a report on Monday, October 7th. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $654.20.

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About Meta Platforms

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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