Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 360.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,008 shares of the social networking company’s stock after purchasing an additional 1,572 shares during the period. Isthmus Partners LLC’s holdings in Meta Platforms were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JDM Financial Group LLC purchased a new position in shares of Meta Platforms in the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms in the 3rd quarter valued at about $36,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $41,000. Cordant Inc. purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $59,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Meta Platforms in the 3rd quarter valued at about $70,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $629.56, for a total value of $260,008.28. Following the completion of the transaction, the chief operating officer now directly owns 18,340 shares of the company’s stock, valued at $11,546,130.40. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 22,035 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was 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. Over the last ninety days, insiders sold 690,689 shares of company stock valued at $451,269,409. 13.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. DA Davidson increased their price objective on Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th. Tigress Financial reiterated a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Susquehanna raised their price target on Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research note on Thursday, January 30th. Finally, Robert W. Baird raised their price target on Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Two research 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $719.26.

Meta Platforms Stock Performance

Shares of META stock opened at $607.60 on Friday. The stock has a fifty day moving average price of $658.01 and a 200 day moving average price of $602.61. The stock has a market cap of $1.54 trillion, a PE ratio of 25.40, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned $5.33 earnings per share. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.35%. Meta Platforms’s payout ratio is currently 8.78%.

Meta Platforms 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.