Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,311 shares of the social networking company’s stock after purchasing an additional 31 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in Meta Platforms were worth $768,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of META. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth about $36,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms during the 4th quarter worth about $41,000. Halpern Financial Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter worth about $46,000. Finally, West Financial Advisors LLC purchased a new position in shares of Meta Platforms during the 3rd quarter worth about $49,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $606.77, for a total value of $250,596.01. Following the sale, the chief operating officer now directly owns 16,688 shares in the company, valued at approximately $10,125,777.76. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $604.69, for a total transaction of $21,721,069.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 495,682 shares of company stock worth $301,101,199. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Performance

Meta Platforms stock opened at $617.12 on Thursday. The company has a market cap of $1.56 trillion, a PE ratio of 29.07, a P/E/G ratio of 1.36 and a beta of 1.19. The company has a fifty day moving average price of $595.02 and a two-hundred day moving average price of $554.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a 12 month low of $358.61 and a 12 month high of $638.40.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Research analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

Analyst Ratings Changes

Several research analysts have recently weighed in on META shares. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays increased their price objective on shares of Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. TD Cowen increased their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Pivotal Research increased their price objective on shares of Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Truist Financial increased their price objective on shares of Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $650.05.

Check Out Our Latest Stock Analysis on Meta Platforms

About Meta Platforms

(Free Report)

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.

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

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