Ullmann Wealth Partners Group LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,152 shares of the social networking company’s stock after buying an additional 24 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Meta Platforms were worth $1,260,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of META. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the third quarter valued at approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms during the fourth quarter worth approximately $41,000. Halpern Financial Inc. purchased a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms in the 3rd quarter valued at $49,000. 79.91% of the stock is owned by hedge funds and other institutional investors.
Meta Platforms Stock Up 0.2 %
Shares of NASDAQ:META opened at $612.77 on Friday. The company 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. The stock’s fifty day simple moving average is $596.78 and its 200-day simple moving average is $556.39. Meta Platforms, Inc. has a 52-week low of $370.95 and a 52-week high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is 9.42%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on META shares. Morgan Stanley boosted their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Rosenblatt Securities reissued a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a report on Thursday, October 31st. Jefferies Financial Group raised their price target on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Truist Financial boosted their price objective on Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird raised their target price on shares of Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $650.05.
Read Our Latest Report on META
Insider Activity
In related news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 31,105 shares in the company, valued at approximately $18,804,216.70. The trade was a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $574.16, for a total transaction of $237,128.08. Following the transaction, the chief operating officer now directly owns 10,707 shares in the company, valued at approximately $6,147,531.12. This represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 496,174 shares of company stock valued at $301,408,499 over the last quarter. Company insiders own 13.71% of the company’s stock.
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.
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