Bank of New Hampshire Sells 100 Shares of Meta Platforms, Inc. (NASDAQ:META)

Bank of New Hampshire trimmed its stake in Meta Platforms, Inc. (NASDAQ:META) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 987 shares of the social networking company’s stock after selling 100 shares during the quarter. Bank of New Hampshire’s holdings in Meta Platforms were worth $349,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WoodTrust Financial Corp boosted its stake in shares of Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after purchasing an additional 27 shares during the period. Tennessee Valley Asset Management Partners boosted its position in Meta Platforms by 0.6% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after purchasing an additional 27 shares during the last quarter. Peterson Wealth Advisors LLC grew its stake in shares of Meta Platforms by 1.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after purchasing an additional 28 shares during the period. Edge Wealth Management LLC grew its stake in shares of Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after purchasing an additional 28 shares during the period. Finally, Yarger Wealth Strategies LLC grew its stake in shares of Meta Platforms by 4.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock valued at $260,000 after acquiring an additional 28 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial dropped their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird dropped their price target on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday. Barclays decreased their price target on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada reduced their price objective on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.18.

Meta Platforms Price Performance

Shares of META stock traded down $52.12 during trading hours on Thursday, reaching $441.38. 82,260,612 shares of the company were exchanged, compared to its average volume of 18,201,887. The stock’s fifty day moving average is $495.93 and its two-hundred day moving average is $403.14. Meta Platforms, Inc. has a fifty-two week low of $208.88 and a fifty-two week high of $531.49. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 1.27 and a beta of 1.20. 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 (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Sell-side analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is 13.42%.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 490 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the transaction, the chief operating officer now owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 8,036 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the transaction, the chief technology officer now directly owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The disclosure for this sale can be found here. Insiders sold 1,368,244 shares of company stock valued at $657,034,449 over the last quarter. Corporate insiders own 13.75% 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.