Callan Family Office LLC Acquires 27,347 Shares of Meta Platforms, Inc. (NASDAQ:META)

Callan Family Office LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1,616.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,039 shares of the social networking company's stock after buying an additional 27,347 shares during the period. Meta Platforms comprises 1.1% of Callan Family Office LLC's holdings, making the stock its 17th largest holding. Callan Family Office LLC's holdings in Meta Platforms were worth $17,003,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in META. Geode Capital Management LLC increased 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 in the last quarter. Jennison Associates LLC grew its position in Meta Platforms by 1.9% during the third quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company's stock valued at $8,266,531,000 after buying an additional 263,063 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Meta Platforms by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company's stock valued at $8,344,552,000 after purchasing an additional 424,201 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Meta Platforms by 2.8% during the third quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company's stock valued at $4,101,602,000 after purchasing an additional 186,728 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Meta Platforms by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company's stock valued at $3,908,382,000 after purchasing an additional 110,040 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on META shares. DA Davidson raised their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Argus set a $775.00 price target on shares of Meta Platforms in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Finally, Raymond James restated a "strong-buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Two investment 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's stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $719.26.

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Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $622.24, for a total transaction of $22,351,483.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 8,553 shares of the stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $6,300,738.51. Following the transaction, the chief financial officer now directly owns 51,793 shares of the company's stock, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 725,081 shares of company stock valued at $472,702,625. Company insiders own 13.71% of the company's stock.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $605.71 on Wednesday. The company has a market cap of $1.53 trillion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The business has a 50 day moving average price of $657.45 and a 200-day moving average price of $601.96. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the business earned $5.33 earnings per share. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms's dividend payout ratio is 8.78%.

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.

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