Curran Financial Partners LLC Buys 55 Shares of Meta Platforms, Inc. (NASDAQ:META)

Curran Financial Partners LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 933 shares of the social networking company’s stock after purchasing an additional 55 shares during the quarter. Curran Financial Partners LLC’s holdings in Meta Platforms were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lindenwold Advisors INC increased its holdings in shares of Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock valued at $3,388,000 after acquiring an additional 17 shares in the last quarter. Insight Wealth Strategies LLC lifted its holdings in shares of Meta Platforms by 1.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after purchasing an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its position in Meta Platforms by 0.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 17 shares during the period. Central Valley Advisors LLC increased its stake in Meta Platforms by 0.3% during the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after purchasing an additional 18 shares in the last quarter. Finally, Cherrydale Wealth Management LLC raised its holdings in Meta Platforms by 0.5% during the third quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock worth $2,199,000 after buying an additional 18 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Activity at Meta Platforms

In other Meta Platforms news, 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 value of $511,497.70. Following the completion of the sale, the insider now directly owns 30,581 shares in the company, valued at $17,360,833.70. This trade represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the transaction, the chief accounting officer now owns 3,414 shares in the company, valued at $1,901,598. This trade represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 661,804 shares of company stock worth $407,745,741 in the last ninety days. 13.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on META shares. DA Davidson boosted their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup boosted their price objective on Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial raised their target price on Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a report on Thursday. Rosenblatt Securities reiterated a “buy” rating and set a $811.00 price target on shares of Meta Platforms in a report on Monday. Finally, Roth Mkm increased their price target on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $706.76.

Meta Platforms Trading Up 1.6 %

Meta Platforms stock opened at $687.00 on Friday. The stock has a market cap of $1.73 trillion, a P/E ratio of 32.36, a PEG ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week high of $710.79. The firm’s fifty day moving average price is $611.00 and its 200-day moving average price is $564.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. During the same period in the previous year, the firm posted $5.33 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

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.