PCA Investment Advisory Services Inc. Buys 31 Shares of Meta Platforms, Inc. (NASDAQ:META)

PCA Investment Advisory Services Inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.6% in the fourth quarter, HoldingsChannel reports. The fund owned 903 shares of the social networking company’s stock after acquiring an additional 31 shares during the period. PCA Investment Advisory Services Inc.’s holdings in Meta Platforms were worth $529,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fiera Capital Corp increased its position in Meta Platforms by 35.1% in the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after purchasing an additional 7,089 shares during the period. Valley Wealth Managers Inc. boosted its stake in shares of Meta Platforms by 31.0% in the 2nd quarter. Valley Wealth Managers Inc. now owns 1,047 shares of the social networking company’s stock valued at $528,000 after purchasing an additional 248 shares during the last quarter. RS Crum Inc. grew its position in shares of Meta Platforms by 11.1% during the 2nd quarter. RS Crum Inc. now owns 1,062 shares of the social networking company’s stock worth $536,000 after buying an additional 106 shares during the period. Client 1ST Advisory Group LLC raised its stake in shares of Meta Platforms by 6.2% during the second quarter. Client 1ST Advisory Group LLC now owns 2,187 shares of the social networking company’s stock worth $1,103,000 after buying an additional 127 shares during the last quarter. Finally, SYM FINANCIAL Corp lifted its holdings in Meta Platforms by 52.1% in the second quarter. SYM FINANCIAL Corp now owns 2,251 shares of the social networking company’s stock valued at $1,135,000 after buying an additional 771 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 12,975 shares of Meta Platforms stock in a transaction on Friday, January 10th. The shares were sold at an average price of $615.41, for a total transaction of $7,984,944.75. Following the completion of the transaction, the chief executive officer now directly owns 381,290 shares of the company’s stock, valued at $234,649,678.90. The trade was a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 423,427 shares of company stock valued at $256,996,450 in the last quarter. Company insiders own 13.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barclays lifted their target price on shares of Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Monness Crespi & Hardt upped 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. Wells Fargo & Company increased their target price on Meta Platforms from $641.00 to $685.00 and gave the company an “overweight” rating in a research note on Monday. BMO Capital Markets boosted their target price on Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird increased their price target on shares of Meta Platforms from $605.00 to $630.00 and gave the company 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 assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $650.05.

Meta Platforms Price Performance

NASDAQ:META opened at $594.25 on Wednesday. The stock’s 50-day simple moving average is $595.02 and its 200 day simple moving average is $554.81. Meta Platforms, Inc. has a 52-week low of $358.61 and a 52-week high of $638.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market cap of $1.50 trillion, a P/E ratio of 27.99, a P/E/G ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Meta Platforms Company 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.