Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875 shares of the social networking company’s stock after purchasing an additional 64 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Meta Platforms were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its position in shares of Meta Platforms by 78,471.1% during the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock worth $3,658,713,000 after acquiring an additional 6,240,810 shares during the last quarter. Integrated Investment Consultants LLC grew its position in shares of Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Meta Platforms during the fourth quarter worth about $2,243,603,000. Strategic Financial Concepts LLC grew its position in shares of Meta Platforms by 87,269.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after acquiring an additional 1,066,437 shares during the last quarter. Finally, World Investment Advisors LLC grew its position in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after acquiring an additional 890,434 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META opened at $607.60 on Monday. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.42 and a beta of 1.23. The business’s 50-day moving average is $658.01 and its 200-day moving average is $603.80. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. 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 (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 previous year, the business posted $5.33 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.35%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is presently 8.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on META shares. Barclays upped their price target on shares of Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Pivotal Research upped their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Piper Sandler upped their price objective on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Susquehanna upped their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a report on Thursday, January 30th. Finally, Robert W. Baird upped their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $719.26.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 22,035 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $618.63, for a total value of $13,631,512.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 921 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $595.00, for a total value of $547,995.00. Following the completion of the sale, the insider now directly owns 33,024 shares of the company’s stock, valued at $19,649,280. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 654,355 shares of company stock valued at $428,564,164 over the last 90 days. 13.71% of the stock is currently owned by company insiders.

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.