Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. grew its position in Meta Platforms, Inc. (NASDAQ:META) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 462 shares of the social networking company’s stock after acquiring an additional 26 shares during the period. Collaborative Wealth Managment Inc.’s holdings in Meta Platforms were worth $270,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ballentine Partners LLC raised its position in Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after acquiring an additional 808 shares during the period. UMB Bank n.a. raised its position in shares of Meta Platforms by 0.6% during the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after purchasing an additional 897 shares during the last quarter. Brueske Advisory Services LLC purchased a new position in Meta Platforms in the 4th quarter valued at about $459,000. Charles Schwab Investment Management Inc. boosted its holdings in Meta Platforms by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock worth $7,915,451,000 after buying an additional 118,298 shares during the last quarter. Finally, Apollon Financial LLC increased its stake in Meta Platforms by 11.1% during the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock worth $866,000 after buying an additional 148 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on META. Wedbush reaffirmed an “outperform” rating and issued a $770.00 price target (up from $700.00) on shares of Meta Platforms in a research note on Thursday, January 30th. Pivotal Research upped their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays raised their price target on shares of Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Wolfe Research upped their price objective on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Meta Platforms in a research note on Tuesday, February 11th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $718.31.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 902 shares of Meta Platforms stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total value of $643,414.64. Following the sale, the insider now owns 27,488 shares of the company’s stock, valued at $19,607,740.16. The trade was a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 413 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $589.16, for a total transaction of $243,323.08. Following the transaction, the chief operating officer now directly owns 17,514 shares of the company’s stock, valued at $10,318,548.24. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 632,023 shares of company stock worth $414,734,884. 13.71% of the stock is currently owned by insiders.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $584.06 on Thursday. The firm’s fifty day simple moving average is $656.27 and its 200-day simple moving average is $604.69. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the firm earned $5.33 EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.36%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

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.