OLIO Financial Planning Invests $319,000 in Meta Platforms, Inc. (NASDAQ:META)

OLIO Financial Planning purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 545 shares of the social networking company's stock, valued at approximately $319,000.

A number of other large investors have also recently added to or reduced their stakes in META. Ballentine Partners LLC increased its position in Meta Platforms by 1.4% in the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company's stock worth $34,087,000 after purchasing an additional 808 shares during the period. UMB Bank n.a. lifted its stake in Meta Platforms by 0.6% in the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company's stock valued at $82,314,000 after buying an additional 897 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company's stock worth $7,915,451,000 after buying an additional 118,298 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Meta Platforms by 111.4% during the 3rd quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company's stock worth $6,686,000 after buying an additional 6,155 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its stake in shares of Meta Platforms by 0.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company's stock valued at $5,573,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Guggenheim increased their target price on shares of Meta Platforms from $600.00 to $665.00 and gave the stock a "buy" rating in a report on Monday, October 7th. JMP Securities reiterated a "market outperform" rating and set a $750.00 target price on shares of Meta Platforms in a report on Monday. Robert W. Baird increased their price target on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday. Monness Crespi & Hardt lifted their price objective on Meta Platforms from $620.00 to $660.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Raymond James reiterated a "strong-buy" rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $698.98.

Meta Platforms Stock Up 1.9 %

Shares of META stock traded up $12.93 on Thursday, reaching $689.42. 20,861,034 shares of the company were exchanged, compared to its average volume of 15,245,674. The company has a 50-day moving average of $608.52 and a 200-day moving average of $563.58. Meta Platforms, Inc. has a one year low of $387.10 and a one year high of $710.79. 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 cap of $1.74 trillion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.18 and a beta of 1.19.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. During the same period last year, the business earned $5.33 EPS. Analysts anticipate that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms's payout ratio is currently 9.42%.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $673.57, for a total value of $24,195,307.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Aaron Anderson sold 731 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 661,312 shares of company stock valued at $407,377,422 over the last three months. Corporate insiders own 13.71% of the company's stock.

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.