DecisionMap Wealth Management LLC Acquires New Shares in Meta Platforms, Inc. (NASDAQ:META)

DecisionMap Wealth Management LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,116 shares of the social networking company’s stock, valued at approximately $1,239,000. Meta Platforms comprises about 1.0% of DecisionMap Wealth Management LLC’s holdings, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the period. Jennison Associates LLC boosted its stake in shares of Meta Platforms by 1.9% in the 3rd quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock worth $8,266,531,000 after buying an additional 263,063 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Meta Platforms by 3.1% in the fourth 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 acquiring an additional 424,201 shares during the period. Franklin Resources Inc. grew its holdings in shares of Meta Platforms by 2.8% in the third quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock worth $4,101,602,000 after acquiring an additional 186,728 shares during the period. Finally, Fisher Asset Management LLC increased its position in Meta Platforms by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after acquiring an additional 110,040 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $590.00, for a total transaction of $243,670.00. Following the completion of the sale, the chief operating officer now directly owns 17,927 shares of the company’s stock, valued at approximately $10,576,930. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total transaction of $39,897,337.08. The disclosure for this sale can be found here. Insiders sold 653,450 shares of company stock worth $427,997,036 in the last three months. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Down 0.4 %

NASDAQ:META opened at $604.90 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $1.53 trillion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a 50-day moving average of $657.51 and a 200 day moving average of $604.41. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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 net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the prior year, the firm earned $5.33 EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.35%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. Meta Platforms’s payout ratio is presently 8.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on META shares. Wells Fargo & Company raised their target price on Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Citigroup lifted their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Raymond James restated a “strong-buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Mizuho lifted their target price on Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Robert W. Baird upped their price target on Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $719.26.

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.