Meta Platforms, Inc. (NASDAQ:META) Holdings Lifted by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,610 shares of the social networking company's stock after purchasing an additional 781 shares during the period. Meta Platforms makes up about 1.3% of FSB Premier Wealth Management Inc.'s holdings, making the stock its 16th biggest position. FSB Premier Wealth Management Inc.'s holdings in Meta Platforms were worth $3,285,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. JDM Financial Group LLC acquired a new position in Meta Platforms in the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms during the third quarter worth approximately $36,000. Millstone Evans Group LLC purchased a new stake in Meta Platforms in the 4th quarter worth approximately $40,000. Avondale Wealth Management acquired a new position in Meta Platforms in the 4th quarter valued at $41,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth $43,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $603.98, for a total transaction of $21,695,565.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 921 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $627.05, for a total transaction of $577,513.05. Following the completion of the sale, the insider now directly owns 31,182 shares of the company's stock, valued at $19,552,673.10. The trade was a 2.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 583,505 shares of company stock worth $385,495,911. Insiders own 13.71% of the company's stock.

Remove Ads

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $9.64 during midday trading on Tuesday, hitting $586.00. The company's stock had a trading volume of 12,803,334 shares, compared to its average volume of 14,260,185. The firm has a market cap of $1.48 trillion, a P/E ratio of 24.50, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The firm's fifty day moving average price is $654.50 and its 200-day moving average price is $610.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $5.33 earnings per share. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. Meta Platforms's payout ratio is 8.78%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on META shares. Bank of America lifted their price objective on Meta Platforms from $710.00 to $765.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Benchmark raised shares of Meta Platforms from a "hold" rating to a "buy" rating and set a $820.00 target price on the stock in a research report on Thursday, January 30th. Jefferies Financial Group dropped their price target on shares of Meta Platforms from $810.00 to $725.00 and set a "buy" rating for the company in a research report on Monday. Citigroup lifted their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Truist Financial increased their target price on Meta Platforms from $700.00 to $770.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $718.55.

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.