Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Integrity Wealth Solutions LLC

Integrity Wealth Solutions LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 37.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,272 shares of the social networking company’s stock after buying an additional 347 shares during the period. Integrity Wealth Solutions LLC’s holdings in Meta Platforms were worth $745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of META. Ballentine Partners LLC increased its holdings in shares of Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after acquiring an additional 808 shares during the period. UMB Bank n.a. increased 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 purchasing an additional 897 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after purchasing an additional 118,298 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Meta Platforms by 111.4% during the third 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. grew its holdings in shares of Meta Platforms by 0.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock worth $5,573,000 after buying an additional 65 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares in the company, valued at approximately $29,776,261.56. The trade was a 14.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $673.57, for a total transaction of $24,195,307.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 661,804 shares of company stock valued at $407,745,741. Company insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on META. Truist Financial increased their price objective on Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research report on Thursday. Monness Crespi & Hardt upped their price objective on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler lifted their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wolfe Research increased their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $706.76.

Meta Platforms Trading Up 1.6 %

NASDAQ META opened at $687.00 on Friday. The company has a market cap of $1.73 trillion, a P/E ratio of 32.36, a P/E/G ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a 12 month low of $387.10 and a 12 month 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 50-day moving average of $611.00 and a 200-day moving average of $564.44.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business earned $5.33 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is currently 9.42%.

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.