Meta Platforms, Inc. $META Stock Holdings Increased by Nordwand Advisors LLC

Nordwand Advisors LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 47.7% in the 3rd quarter, Holdings Channel reports. The firm owned 3,169 shares of the social networking company’s stock after buying an additional 1,023 shares during the period. Nordwand Advisors LLC’s holdings in Meta Platforms were worth $2,327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC grew its position in Meta Platforms by 79.6% in the third quarter. Game Plan Financial Advisors LLC now owns 264 shares of the social networking company’s stock worth $194,000 after buying an additional 117 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in shares of Meta Platforms by 34.3% in the 3rd quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 536 shares of the social networking company’s stock worth $402,000 after acquiring an additional 137 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Meta Platforms by 4.1% during the third quarter. Verdence Capital Advisors LLC now owns 24,346 shares of the social networking company’s stock worth $18,279,000 after purchasing an additional 967 shares during the period. Stewardship Advisors LLC raised its position in shares of Meta Platforms by 33.5% during the third quarter. Stewardship Advisors LLC now owns 801 shares of the social networking company’s stock worth $588,000 after purchasing an additional 201 shares during the period. Finally, Tradewinds LLC. purchased a new stake in shares of Meta Platforms during the third quarter valued at $1,036,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.1%

Shares of NASDAQ:META opened at $672.97 on Wednesday. The firm has a fifty day moving average of $645.06 and a two-hundred day moving average of $696.04. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the prior year, the business posted $6.03 earnings per share. Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Meta Platforms’s dividend payout ratio is presently 9.28%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group cut their price objective on Meta Platforms from $915.00 to $830.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Redburn Partners set a $900.00 target price on shares of Meta Platforms in a research report on Monday. Oppenheimer downgraded shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $822.00.

View Our Latest Stock Report on META

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $658.69, for a total value of $341,860.11. Following the completion of the sale, the insider directly owned 28,658 shares in the company, valued at $18,876,738.02. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $608.35, for a total transaction of $314,516.95. Following the completion of the sale, the chief operating officer directly owned 10,649 shares of the company’s stock, valued at $6,478,319.15. This represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,596 shares of company stock valued at $24,277,237 in the last three months. Corporate insiders own 13.61% of the company’s stock.

Trending Headlines about Meta Platforms

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Meta Platforms Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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