Decker Retirement Planning Inc. Purchases New Holdings in Meta Platforms, Inc. (NASDAQ:META)

Decker Retirement Planning Inc. bought a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,583 shares of the social networking company's stock, valued at approximately $927,000.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its stake in Meta Platforms by 57,001.5% in the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company's stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC grew its holdings in Meta Platforms by 4,658.5% in the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company's stock valued at $520,662,000 after buying an additional 890,434 shares during the last quarter. Geode Capital Management LLC raised its stake in Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Meta Platforms by 926.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company's stock valued at $369,774,000 after buying an additional 661,923 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 35,921 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total value of $21,838,890.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the transaction, the chief accounting officer now owns 3,414 shares in the company, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 496,174 shares of company stock valued at $301,408,499. Corporate insiders own 13.71% of the company's stock.

Meta Platforms Stock Up 0.2 %

NASDAQ META traded up $1.47 on Friday, reaching $612.77. The company had a trading volume of 17,239,131 shares, compared to its average volume of 10,812,479. 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 company's fifty day moving average is $596.78 and its 200 day moving average is $556.71. Meta Platforms, Inc. has a 52-week low of $370.95 and a 52-week high of $638.40. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19.

Meta Platforms (NASDAQ:META - Get Free Report) last announced 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. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Sell-side analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.50 dividend. 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 0.33%. Meta Platforms's dividend payout ratio is presently 9.42%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Mizuho raised their target price on Meta Platforms from $650.00 to $675.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Scotiabank lowered their target price on Meta Platforms from $585.00 to $583.00 and set a "sector perform" rating for the company in a research note on Thursday, October 31st. Wedbush lifted their target price on Meta Platforms from $640.00 to $680.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Pivotal Research boosted their price objective on Meta Platforms from $780.00 to $800.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, UBS Group lifted their price target on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $650.05.

About Meta Platforms

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.