Stordahl Capital Management Inc. Invests $428,000 in Meta Platforms, Inc. (NASDAQ:META)

Stordahl Capital Management Inc. acquired a new position in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, Holdings Channel.com reports. The firm acquired 731 shares of the social networking company’s stock, valued at approximately $428,000.

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

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $673.57, for a total value of $24,195,307.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 901 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $567.70, for a total transaction of $511,497.70. Following the completion of the sale, the insider now owns 30,581 shares in the company, valued at $17,360,833.70. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 661,804 shares of company stock valued at $407,745,741. Corporate insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wolfe Research increased their target price on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. TD Cowen boosted their price target on Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Finally, Piper Sandler boosted their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $710.83.

Meta Platforms Stock Up 0.3 %

NASDAQ:META opened at $689.18 on Monday. 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 1-year low of $387.10 and a 1-year high of $710.79. The company has a 50-day moving average of $613.60 and a 200 day moving average of $567.04. The firm has a market cap of $1.74 trillion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19.

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

Meta Platforms Announces Dividend

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

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.