555 Shares in Meta Platforms, Inc. (NASDAQ:META) Acquired by Capstone Wealth Management Group LLC

Capstone Wealth Management Group LLC purchased a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 555 shares of the social networking company's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp grew its stake in shares of Meta Platforms by 35.1% during the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company's stock worth $13,751,000 after purchasing an additional 7,089 shares during the period. Prosperity Consulting Group LLC grew its position in shares of Meta Platforms by 2.3% during the 2nd quarter. Prosperity Consulting Group LLC now owns 6,510 shares of the social networking company's stock worth $3,283,000 after buying an additional 146 shares during the period. SilverOak Wealth Management LLC increased its stake in shares of Meta Platforms by 1.7% in the 2nd quarter. SilverOak Wealth Management LLC now owns 5,086 shares of the social networking company's stock valued at $2,565,000 after acquiring an additional 86 shares during the last quarter. Lyell Wealth Management LP raised its position in shares of Meta Platforms by 8.4% in the 2nd quarter. Lyell Wealth Management LP now owns 48,480 shares of the social networking company's stock valued at $24,445,000 after acquiring an additional 3,756 shares during the period. Finally, Williams Financial LLC bought a new position in Meta Platforms during the 2nd quarter worth approximately $6,650,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Pivotal Research upped their target price on shares of Meta Platforms from $780.00 to $800.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Hsbc Global Res upgraded Meta Platforms to a "hold" rating in a report on Thursday, October 24th. Susquehanna increased their target price on Meta Platforms from $600.00 to $675.00 and gave the stock a "positive" rating in a research note on Thursday, October 31st. Wolfe Research lifted their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Wedbush upped their price target on shares of Meta Platforms from $640.00 to $680.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $650.05.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total transaction of $21,838,890.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $604.54, for a total value of $547,108.70. Following the completion of the transaction, the insider now directly owns 31,105 shares of the company's stock, valued at $18,804,216.70. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 496,587 shares of company stock valued at $301,648,308. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

Shares of NASDAQ META traded down $5.82 during mid-day trading on Thursday, reaching $611.30. 8,337,733 shares of the company were exchanged, compared to its average volume of 12,833,604. The stock has a market capitalization of $1.54 trillion, a P/E ratio of 28.79, a P/E/G ratio of 1.22 and a beta of 1.19. 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 50-day simple moving average is $595.92 and its 200-day simple moving average is $555.25. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analysts' expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, research analysts predict that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms's payout ratio is 9.42%.

Meta Platforms Company 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.