Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,811 shares of the social networking company’s stock after acquiring an additional 206 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Meta Platforms were worth $8,087,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the 3rd quarter valued at $36,000. Avondale Wealth Management acquired a new position in Meta Platforms during the 4th quarter worth $41,000. Halpern Financial Inc. acquired a new position in shares of Meta Platforms during the third quarter valued at $46,000. Finally, West Financial Advisors LLC bought a new position in Meta Platforms in the 3rd quarter valued at about $49,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Up 0.3 %

Shares of META stock opened at $676.49 on Thursday. The stock’s 50 day simple moving average is $608.52 and its 200 day simple moving average is $563.58. Meta Platforms, Inc. has a twelve month low of $387.10 and a twelve month high of $682.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19.

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, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. During the same period in the previous year, the business earned $5.33 earnings per share. As a group, research analysts predict that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $627.59, for a total value of $259,194.67. Following the sale, the chief operating officer now directly owns 15,862 shares in the company, valued at $9,954,832.58. This trade represents a 2.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 22,366 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $648.68, for a total transaction of $14,508,376.88. Following the transaction, the chief executive officer now directly owns 580 shares of the company’s stock, valued at $376,234.40. This represents a 97.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 661,312 shares of company stock valued at $407,377,422 in the last 90 days. 13.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on META shares. Arete Research raised shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Roth Mkm upped their price objective on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their target price on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Benchmark restated a “hold” rating on shares of Meta Platforms in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $655.41.

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.