Community Financial Services Group LLC Has $8.47 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Community Financial Services Group LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,465 shares of the social networking company’s stock after buying an additional 613 shares during the period. Meta Platforms makes up 1.7% of Community Financial Services Group LLC’s holdings, making the stock its 17th biggest holding. Community Financial Services Group LLC’s holdings in Meta Platforms were worth $8,469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of META. JDM Financial Group LLC bought a new stake in Meta Platforms in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms in the third quarter valued at $36,000. Avondale Wealth Management bought a new stake in Meta Platforms in the fourth quarter valued at $41,000. Cordant Inc. bought a new stake in Meta Platforms in the fourth quarter valued at $59,000. Finally, Reston Wealth Management LLC bought a new stake in Meta Platforms in the third quarter valued at $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $562.77, for a total value of $232,424.01. Following the sale, the chief operating officer now directly owns 19,579 shares in the company, valued at $11,018,473.83. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 902 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $713.32, for a total transaction of $643,414.64. Following the completion of the sale, the insider now owns 27,488 shares in the company, valued at $19,607,740.16. This represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 751,033 shares of company stock worth $480,911,671. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Up 1.1 %

META opened at $736.67 on Tuesday. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 30.80, a PEG 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. The company’s 50-day moving average price is $641.19 and its two-hundred day moving average price is $585.97. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.

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 net margin of 37.91% and a return on equity of 38.17%. During the same quarter in the previous year, the company posted $5.33 EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid 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 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio is presently 8.36%.

Analyst Ratings Changes

META has been the subject of several research analyst reports. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. 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 note on Wednesday, December 18th. Scotiabank boosted their target price on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Mizuho boosted their target price on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Benchmark raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price for the company in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.

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.