Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) 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. Partners in Financial Planning purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $361,000. O Shaughnessy Asset Management LLC grew its position in Meta Platforms by 15.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 227,738 shares of the social networking company’s stock worth $133,343,000 after buying an additional 31,194 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $3,864,000. Inkwell Capital LLC purchased a new stake in shares of Meta Platforms during the 4th quarter worth approximately $3,631,000. Finally, United Bank boosted its stake in shares of Meta Platforms by 11.1% during the 4th quarter. United Bank now owns 6,186 shares of the social networking company’s stock worth $3,622,000 after acquiring an additional 617 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

Shares of META opened at $576.74 on Monday. The company has a 50-day moving average of $655.23 and a two-hundred day moving average of $609.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The stock has a market cap of $1.46 trillion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last issued its earnings results 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 return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the business posted $5.33 EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on META shares. Barclays upped their target price on Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. KeyCorp cut their price target on Meta Platforms from $750.00 to $710.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th. Wolfe Research increased their target price on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, DA Davidson raised their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $718.31.

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $603.98, for a total value of $21,695,565.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $591.76, for a total value of $535,542.80. Following the completion of the sale, the insider now directly owns 32,915 shares in the company, valued at approximately $19,477,780.40. This represents a 2.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 584,410 shares of company stock valued at $386,031,454 in the last three months. 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.