Field & Main Bank Has $4.32 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Field & Main Bank decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,384 shares of the social networking company’s stock after selling 64 shares during the period. Meta Platforms comprises approximately 1.5% of Field & Main Bank’s holdings, making the stock its 17th largest holding. Field & Main Bank’s holdings in Meta Platforms were worth $4,323,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new position in Meta Platforms during the third quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms during the 3rd quarter worth approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms in the 4th quarter valued at $41,000. West Financial Advisors LLC bought a new stake in Meta Platforms in the third quarter valued at $49,000. Finally, Cordant Inc. acquired a new position in Meta Platforms during the fourth quarter worth $59,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on META. Robert W. Baird boosted their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup boosted their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Pivotal Research boosted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $710.83.

Meta Platforms Trading Up 0.3 %

NASDAQ:META opened at $689.18 on Monday. The business’s 50-day simple moving average is $613.60 and its 200-day simple moving average is $567.04. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week 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 stock has a market capitalization of $1.74 trillion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 39.74%. During the same period in the previous year, the firm earned $5.33 earnings per share. Sell-side analysts expect that Meta Platforms, Inc. will post 25.44 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is 8.36%.

Insider Activity

In other news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $666.00, for a total value of $602,730.00. Following the completion of the transaction, the insider now owns 29,295 shares in the company, valued at $19,510,470. This trade represents a 3.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now owns 3,414 shares in the company, valued at $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 661,804 shares of company stock worth $407,745,741 over the last three months. Corporate 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.