Tiller Private Wealth Inc. Increases Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Tiller Private Wealth Inc. grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067 shares of the social networking company’s stock after buying an additional 71 shares during the period. Meta Platforms makes up about 0.3% of Tiller Private Wealth Inc.’s holdings, making the stock its 20th biggest holding. Tiller Private Wealth Inc.’s holdings in Meta Platforms were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Meta Platforms by 0.8% in the fourth 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 boosted its stake in shares of Meta Platforms by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company’s stock valued at $28,719,970,000 after purchasing an additional 1,020,519 shares in the last quarter. Norges Bank bought a new position in shares of Meta Platforms during the 4th quarter valued at $19,949,512,000. Charles Schwab Investment Management Inc. raised its position in Meta Platforms by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock worth $8,344,552,000 after purchasing an additional 424,201 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Meta Platforms by 27.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock worth $5,211,967,000 after purchasing an additional 1,892,509 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of META opened at $543.57 on Friday. The firm has a market capitalization of $1.38 trillion, a P/E ratio of 22.72, a PEG ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The business has a fifty day moving average of $628.35 and a 200 day moving average of $609.11.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (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 in the prior year, the company posted $5.33 earnings per share. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current 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. The ex-dividend date was Friday, March 14th. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.39%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $713.32, for a total transaction of $643,414.64. Following the sale, the insider now owns 27,488 shares in the company, valued at approximately $19,607,740.16. This trade represents a 3.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $606.77, for a total transaction of $250,596.01. Following the transaction, the chief operating officer now directly owns 16,688 shares in the company, valued at $10,125,777.76. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 487,453 shares of company stock worth $326,680,904 in the last 90 days. 13.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on META. Arete Research raised Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Benchmark raised Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target on the stock in a research note on Thursday, January 30th. UBS Group dropped their price objective on Meta Platforms from $786.00 to $650.00 and set a “buy” rating for the company in a research note on Friday. The Goldman Sachs Group lifted their target price on shares of Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Two equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $701.38.

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.