Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,813 shares of the social networking company’s stock after purchasing an additional 185 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Meta Platforms were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of META. JDM Financial Group LLC bought a new position in Meta Platforms during the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms in the third quarter valued at $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms during the fourth quarter valued at $41,000. Halpern Financial Inc. bought a new position in shares of Meta Platforms during the third quarter worth about $46,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter worth about $49,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In related news, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.48, for a total value of $4,038,190.08. Following the completion of the sale, the insider now owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. The trade was a 15.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total transaction of $22,746,973.25. The disclosure for this sale can be found here. Insiders have sold 531,190 shares of company stock worth $322,938,501 over the last 90 days. 13.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on META shares. Jefferies Financial Group upped 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. Hsbc Global Res raised Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Bank of America lifted their target price on Meta Platforms from $630.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $670.00 price target on shares of Meta Platforms in a report on Wednesday, October 16th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $651.27.

Check Out Our Latest Analysis on META

Meta Platforms Price Performance

Shares of META opened at $616.46 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.16 and a beta of 1.19. The business’s 50-day moving average is $598.00 and its 200-day moving average is $558.31. Meta Platforms, Inc. has a fifty-two week low of $381.16 and a fifty-two week high of $638.40.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Equities research analysts expect that Meta Platforms, Inc. will post 22.96 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. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. Meta Platforms’s payout ratio is 9.42%.

Meta Platforms Profile

(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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