Mascoma Wealth Management LLC Has $512,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Mascoma Wealth Management LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 875 shares of the social networking company’s stock after purchasing an additional 64 shares during the period. Mascoma Wealth Management LLC’s holdings in Meta Platforms were worth $512,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in Meta Platforms by 17.9% in the third quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock valued at $946,000 after acquiring an additional 251 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Meta Platforms by 6.5% during the third quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company’s stock worth $1,928,185,000 after purchasing an additional 204,412 shares during the period. United Bank raised its position in shares of Meta Platforms by 22.2% during the third quarter. United Bank now owns 5,569 shares of the social networking company’s stock worth $3,188,000 after purchasing an additional 1,011 shares during the period. Souders Financial Advisors raised its position in shares of Meta Platforms by 17.5% during the third quarter. Souders Financial Advisors now owns 7,308 shares of the social networking company’s stock worth $4,183,000 after purchasing an additional 1,089 shares during the period. Finally, Chase Investment Counsel Corp raised its position in shares of Meta Platforms by 8.3% during the third quarter. Chase Investment Counsel Corp now owns 18,662 shares of the social networking company’s stock worth $10,682,000 after purchasing an additional 1,435 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $590.00, for a total value of $243,670.00. Following the completion of the sale, the chief operating officer now directly owns 17,927 shares of the company’s stock, valued at $10,576,930. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 22,035 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $618.63, for a total value of $13,631,512.05. The disclosure for this sale can be found here. Insiders sold a total of 654,355 shares of company stock valued at $428,564,164 over the last ninety days. 13.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on META shares. The Goldman Sachs Group lifted their target price on Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Jefferies Financial Group lifted their target price on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. Argus set a $775.00 price target on Meta Platforms in a research note on Tuesday, February 4th. Finally, UBS Group boosted their price target on Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two investment 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $719.26.

Meta Platforms Stock Up 2.9 %

Shares of Meta Platforms stock opened at $607.60 on Monday. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock’s 50-day moving average is $658.01 and its 200 day moving average is $603.80. The firm has a market cap of $1.54 trillion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the business posted $5.33 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is presently 8.78%.

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.