Morton Brown Family Wealth LLC Has $110,000 Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Morton Brown Family Wealth LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 437.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 188 shares of the social networking company’s stock after purchasing an additional 153 shares during the quarter. Morton Brown Family Wealth LLC’s holdings in Meta Platforms were worth $110,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in META. Integrated Investment Consultants LLC raised its stake in Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after buying an additional 4,126,190 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Meta Platforms by 87,269.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock valued at $625,125,000 after acquiring an additional 1,066,437 shares during the last quarter. World Investment Advisors LLC grew its holdings in Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after acquiring an additional 890,434 shares during the period. Geode Capital Management LLC raised its position in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after acquiring an additional 698,884 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Meta Platforms by 14.6% in the 3rd quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock valued at $2,471,822,000 after purchasing an additional 550,852 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Down 2.3 %

NASDAQ:META opened at $668.13 on Tuesday. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $647.97 and its 200 day moving average is $593.08. The stock has a market capitalization of $1.69 trillion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20.

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

Meta Platforms Increases Dividend

The firm also recently announced 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 0.31%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Arete Research raised Meta Platforms to a “hold” rating in a research note on Friday, January 24th. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Truist Financial increased their target price on shares of Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Oppenheimer raised their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $719.26.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $577.49, for a total value of $238,503.37. Following the completion of the transaction, the chief operating officer now directly owns 19,166 shares in the company, valued at approximately $11,068,173.34. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $595.00, for a total value of $538,475.00. Following the sale, the insider now owns 36,535 shares in the company, valued at approximately $21,738,325. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 812,422 shares of company stock worth $525,534,818 over the last quarter. 13.71% of the stock is currently owned by company insiders.

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.