Field & Main Bank Has $4.32 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Field & Main Bank trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,384 shares of the social networking company’s stock after selling 64 shares during the period. Meta Platforms makes up 1.5% of Field & Main Bank’s portfolio, making the stock its 17th biggest holding. Field & Main Bank’s holdings in Meta Platforms were worth $4,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the third quarter worth about $36,000. Avondale Wealth Management bought a new position in Meta Platforms in the 4th quarter valued at about $41,000. West Financial Advisors LLC acquired a new position in shares of Meta Platforms in the 3rd quarter valued at approximately $49,000. Finally, Cordant Inc. bought a new stake in shares of Meta Platforms during the 4th quarter worth approximately $59,000. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total transaction of $24,195,307.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 661,804 shares of company stock worth $407,745,741. 13.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on META shares. KeyCorp lifted their price objective on shares of Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Pivotal Research boosted their price target on Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Piper Sandler boosted their target price on Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Cantor Fitzgerald raised their price target on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $710.83.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $689.18 on Monday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $613.60 and its 200-day moving average price is $567.04. The firm has a market capitalization of $1.74 trillion, a P/E ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19. Meta Platforms, Inc. has a 1-year low of $387.10 and a 1-year high of $710.79.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 39.74% and a net margin of 37.91%. During the same quarter in the prior year, the company posted $5.33 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 25.44 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is currently 8.36%.

About Meta Platforms

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.