Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Schnieders Capital Management LLC

Schnieders Capital Management LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,849 shares of the social networking company’s stock after acquiring an additional 1,830 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Schnieders Capital Management LLC’s holdings, making the stock its 16th largest holding. Schnieders Capital Management LLC’s holdings in Meta Platforms were worth $6,672,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in META. Stone House Investment Management LLC boosted its holdings in Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares during the last quarter. PayPay Securities Corp raised its stake in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after purchasing an additional 43 shares during the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after purchasing an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in shares of Meta Platforms in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on META. Susquehanna raised their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Tigress Financial raised their price objective on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Wedbush raised their price objective on Meta Platforms from $420.00 to $520.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price target on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company reduced their price target on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $520.28.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares in the company, valued at approximately $8,723,496.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the sale, the chief technology officer now directly owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $392.36, for a total value of $7,722,037.16. The disclosure for this sale can be found here. Insiders have sold a total of 1,392,425 shares of company stock worth $666,533,986 in the last quarter. 14.03% of the stock is owned by company insiders.

Meta Platforms Trading Up 3.0 %

Shares of META stock traded up $14.37 on Tuesday, hitting $496.10. The stock had a trading volume of 14,985,989 shares, compared to its average volume of 17,131,002. The company’s 50 day moving average price is $495.52 and its 200-day moving average price is $402.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. Meta Platforms, Inc. has a 1 year low of $207.13 and a 1 year high of $531.49. The firm has a market capitalization of $1.26 trillion, a P/E ratio of 33.30, a P/E/G ratio of 1.22 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the prior year, the business earned $3.00 EPS. Meta Platforms’s revenue was up 24.7% on a year-over-year basis. Analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is 13.42%.

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.