Savant Capital LLC Has $28.17 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Savant Capital LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,109 shares of the social networking company’s stock after purchasing an additional 6,857 shares during the quarter. Savant Capital LLC’s holdings in Meta Platforms were worth $28,169,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. JDM Financial Group LLC acquired a new stake in Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the third quarter valued at approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $41,000. Cordant Inc. acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $59,000. Finally, Reston Wealth Management LLC acquired a new stake in Meta Platforms in the third quarter valued at approximately $61,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Up 1.1 %

Shares of NASDAQ META opened at $736.67 on Friday. The firm’s 50-day simple moving average is $638.73 and its 200 day simple moving average is $583.52. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $5.33 EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. 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 0.29%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s payout ratio is currently 8.36%.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent analyst reports. Pivotal Research lifted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Bank of America lifted their price target on shares of Meta Platforms from $710.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Rosenblatt Securities reissued a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Finally, Mizuho lifted their price target on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two equities research 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. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $717.90.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01. Following the completion of the sale, the chief operating officer now directly owns 19,579 shares of the company’s stock, valued at approximately $11,018,473.83. The trade was a 2.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the sale, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 793,070 shares of company stock valued at $504,185,108. 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.