Total Investment Management Inc. Increases Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Total Investment Management Inc. increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 40.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,465 shares of the social networking company’s stock after purchasing an additional 421 shares during the quarter. Total Investment Management Inc.’s holdings in Meta Platforms were worth $519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA raised its position in Meta Platforms by 3.3% in the third quarter. Private Trust Co. NA now owns 10,747 shares of the social networking company’s stock worth $3,226,000 after acquiring an additional 339 shares during the period. Wagner Wealth Management LLC increased its stake in shares of Meta Platforms by 28.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 1,130 shares of the social networking company’s stock worth $339,000 after purchasing an additional 247 shares during the last quarter. Redwood Wealth Management Group LLC raised its holdings in shares of Meta Platforms by 21.7% in the 3rd quarter. Redwood Wealth Management Group LLC now owns 1,764 shares of the social networking company’s stock worth $530,000 after purchasing an additional 315 shares during the period. Strategic Blueprint LLC lifted its stake in Meta Platforms by 11.3% in the third quarter. Strategic Blueprint LLC now owns 7,339 shares of the social networking company’s stock valued at $2,203,000 after purchasing an additional 748 shares during the last quarter. Finally, Richelieu Gestion SA lifted its stake in Meta Platforms by 29.1% in the third quarter. Richelieu Gestion SA now owns 2,595 shares of the social networking company’s stock valued at $779,000 after purchasing an additional 585 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 566 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $404.00, for a total transaction of $228,664.00. Following the completion of the sale, the insider now directly owns 34,720 shares in the company, valued at approximately $14,026,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Javier Olivan sold 6,500 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the chief operating officer now directly owns 68,935 shares in the company, valued at $27,574,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 566 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $404.00, for a total value of $228,664.00. Following the completion of the sale, the insider now directly owns 34,720 shares in the company, valued at $14,026,880. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,349,148 shares of company stock worth $649,552,559. Company insiders own 13.75% of the company’s stock.

Meta Platforms Stock Up 0.4 %

Shares of META opened at $443.29 on Friday. Meta Platforms, Inc. has a 1 year low of $229.85 and a 1 year high of $531.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.67. The stock has a 50 day simple moving average of $494.48 and a two-hundred day simple moving average of $404.85. The firm has a market cap of $1.13 trillion, a P/E ratio of 25.46, a P/E/G ratio of 1.13 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. On average, analysts forecast that Meta Platforms, Inc. will post 20.2 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

Analyst Ratings Changes

META has been the topic of several research reports. Mizuho boosted their target price on Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday. Wolfe Research dropped their price objective on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $545.00 target price (down previously from $600.00) on shares of Meta Platforms in a research note on Thursday. Finally, Canaccord Genuity Group dropped their price target on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $509.18.

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.