FSB Premier Wealth Management Inc. Buys 781 Shares of Meta Platforms, Inc. (NASDAQ:META)

FSB Premier Wealth Management Inc. grew its position in Meta Platforms, Inc. (NASDAQ:META) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,610 shares of the social networking company’s stock after acquiring an additional 781 shares during the period. Meta Platforms accounts for 1.3% of FSB Premier Wealth Management Inc.’s portfolio, making the stock its 16th largest holding. FSB Premier Wealth Management Inc.’s holdings in Meta Platforms were worth $3,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock worth $111,948,344,000 after buying an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC raised its holdings in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after purchasing an additional 698,884 shares during the period. Norges Bank bought a new position in Meta Platforms during the fourth quarter worth about $19,949,512,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Meta Platforms by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after purchasing an additional 424,201 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Meta Platforms by 27.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock worth $5,211,967,000 after buying an additional 1,892,509 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on META. JMP Securities reissued a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Morgan Stanley increased their target price on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Arete Research upgraded Meta Platforms to a “hold” rating in a report on Friday, January 24th. Mizuho increased their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, KeyCorp cut their target price on Meta Platforms from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $718.31.

Meta Platforms Trading Down 4.3 %

NASDAQ META opened at $576.74 on Monday. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $655.23 and its 200 day moving average is $609.90.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $5.33 EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a $0.525 dividend. 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 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is 8.78%.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 5,060 shares of the firm’s stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the completion of the transaction, the chief technology officer now owns 5,139 shares in the company, valued at approximately $3,785,747.13. This trade represents a 49.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 921 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $627.05, for a total transaction of $577,513.05. Following the completion of the transaction, the insider now owns 31,182 shares in the company, valued at $19,552,673.10. This trade represents a 2.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 584,410 shares of company stock valued at $386,031,454. Insiders own 13.71% of the company’s stock.

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.