BAM Wealth Management LLC Makes New $1.42 Million Investment in Meta Platforms, Inc. $META

BAM Wealth Management LLC purchased a new stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,933 shares of the social networking company’s stock, valued at approximately $1,420,000. Meta Platforms makes up about 1.1% of BAM Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position.

Other large investors have also recently bought and sold shares of the company. Goldstone Financial Group LLC lifted its stake in shares of Meta Platforms by 44.4% in the third quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company’s stock worth $2,756,000 after buying an additional 1,153 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Meta Platforms by 10.4% during the 2nd quarter. Diversify Advisory Services LLC now owns 55,431 shares of the social networking company’s stock worth $43,790,000 after acquiring an additional 5,224 shares during the last quarter. CW Advisors LLC boosted its holdings in Meta Platforms by 27.8% during the second quarter. CW Advisors LLC now owns 176,762 shares of the social networking company’s stock valued at $130,467,000 after acquiring an additional 38,432 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Meta Platforms by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company’s stock valued at $155,387,000 after purchasing an additional 20,912 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Meta Platforms by 5.6% in the second quarter. Stephens Inc. AR now owns 84,687 shares of the social networking company’s stock worth $62,507,000 after purchasing an additional 4,473 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 1.4%

Shares of META opened at $706.41 on Tuesday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 30.06, a P/E/G ratio of 1.36 and a beta of 1.28. The company has a 50-day moving average price of $653.93 and a two-hundred day moving average price of $696.00. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping the consensus estimate of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. During the same quarter in the prior year, the firm earned $8.02 EPS. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. Equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a $0.525 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 8.94%.

Key Stories Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 2,610 shares of the stock in a transaction on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the sale, the chief operating officer owned 9,784 shares in the company, valued at approximately $5,962,956.64. This represents a 21.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aaron Anderson sold 726 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total value of $429,501.60. Following the completion of the sale, the chief accounting officer owned 6,035 shares of the company’s stock, valued at approximately $3,570,306. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 39,077 shares of company stock worth $23,955,958. 13.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

META has been the subject of several recent analyst reports. Oppenheimer downgraded Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. DA Davidson increased their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th. Truist Financial upped their target price on shares of Meta Platforms from $875.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Morgan Stanley raised their price target on shares of Meta Platforms from $750.00 to $825.00 and gave the stock an “overweight” rating in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $848.50.

Get Our Latest Research Report on Meta Platforms

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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