D.B. Root & Company LLC Has $3.23 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

D.B. Root & Company LLC lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 5,522 shares of the social networking company’s stock after selling 206 shares during the period. Meta Platforms makes up 1.0% of D.B. Root & Company LLC’s portfolio, making the stock its 21st largest holding. D.B. Root & Company LLC’s holdings in Meta Platforms were worth $3,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Echo45 Advisors LLC raised its holdings in shares of Meta Platforms by 6.4% in the fourth quarter. Echo45 Advisors LLC now owns 1,413 shares of the social networking company’s stock valued at $854,000 after purchasing an additional 85 shares during the last quarter. Olistico Wealth LLC boosted its position in Meta Platforms by 15.3% in the fourth quarter. Olistico Wealth LLC now owns 1,930 shares of the social networking company’s stock worth $1,130,000 after purchasing an additional 256 shares during the last quarter. True North Advisors LLC grew its stake in Meta Platforms by 8.9% in the 4th quarter. True North Advisors LLC now owns 2,329 shares of the social networking company’s stock valued at $1,364,000 after purchasing an additional 190 shares during the period. Independent Wealth Network Inc. increased its holdings in Meta Platforms by 4.3% during the fourth quarter. Independent Wealth Network Inc. now owns 3,208 shares of the social networking company’s stock worth $1,878,000 after buying an additional 131 shares during the last quarter. Finally, Hudson Capital Management LLC increased its stake in shares of Meta Platforms by 7.0% during the 4th quarter. Hudson Capital Management LLC now owns 426 shares of the social networking company’s stock worth $250,000 after purchasing an additional 28 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $580.10, for a total value of $524,990.50. Following the transaction, the insider now directly owns 31,482 shares of the company’s stock, valued at approximately $18,262,708.20. The trade was a 2.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $626.80, for a total transaction of $22,515,282.80. The disclosure for this sale can be found here. Insiders sold a total of 568,016 shares of company stock worth $346,031,180 over the last ninety days. Company insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on META shares. Stifel Nicolaus boosted their price target on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research report on Monday, October 14th. KeyCorp raised their price objective on shares of Meta Platforms from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Wolfe Research upped their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Barclays boosted their target price on Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Citigroup increased their price target on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $654.20.

Meta Platforms Stock Up 1.7 %

Shares of META opened at $647.49 on Friday. 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 has a market cap of $1.63 trillion, a P/E ratio of 30.50, a PEG ratio of 1.18 and a beta of 1.19. The stock’s 50 day moving average is $601.93 and its two-hundred day moving average is $560.33. Meta Platforms, Inc. has a 12 month low of $385.66 and a 12 month high of $652.00.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.31%. Meta Platforms’s payout ratio is currently 9.42%.

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.