Meta Platforms, Inc. (NASDAQ:META) Holdings Raised by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,311 shares of the social networking company’s stock after acquiring an additional 31 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in Meta Platforms were worth $768,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JDM Financial Group LLC bought a new stake in Meta Platforms in the third quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms in the third quarter worth about $36,000. Avondale Wealth Management bought a new stake in Meta Platforms in the fourth quarter worth about $41,000. Halpern Financial Inc. bought a new stake in Meta Platforms in the third quarter worth about $46,000. Finally, West Financial Advisors LLC bought a new stake in Meta Platforms in the third quarter worth about $49,000. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on META. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research report on Thursday, October 31st. TD Cowen boosted their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Truist Financial lifted their price target on Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Pivotal Research lifted their price target on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Hsbc Global Res raised Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $650.05.

Meta Platforms Stock Up 3.8 %

META opened at $617.12 on Thursday. The business has a 50 day moving average price of $595.02 and a 200 day moving average price of $554.81. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market cap of $1.56 trillion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The firm had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Research analysts forecast that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.32%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $604.69, for a total transaction of $21,721,069.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $580.65, for a total value of $239,808.45. Following the sale, the chief operating officer now owns 11,120 shares in the company, valued at approximately $6,456,828. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 495,682 shares of company stock worth $301,101,199 over the last three months. 13.71% of the stock is currently owned by insiders.

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.