Park Capital Management LLC WI Acquires New Holdings in Meta Platforms, Inc. (NASDAQ:META)

Park Capital Management LLC WI acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 967 shares of the social networking company’s stock, valued at approximately $566,000. Meta Platforms accounts for about 0.7% of Park Capital Management LLC WI’s holdings, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Castle Wealth Management LLC increased its stake in Meta Platforms by 10.0% during the fourth quarter. Castle Wealth Management LLC now owns 2,380 shares of the social networking company’s stock worth $1,393,000 after purchasing an additional 216 shares during the period. Consolidated Planning Corp increased its stake in Meta Platforms by 2.9% during the fourth quarter. Consolidated Planning Corp now owns 13,350 shares of the social networking company’s stock worth $7,817,000 after purchasing an additional 373 shares during the period. Raab & Moskowitz Asset Management LLC increased its stake in Meta Platforms by 10.1% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 599 shares of the social networking company’s stock worth $351,000 after purchasing an additional 55 shares during the period. Warren Street Wealth Advisors LLC increased its stake in Meta Platforms by 2.8% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 2,915 shares of the social networking company’s stock worth $1,707,000 after purchasing an additional 79 shares during the period. Finally, MFG Wealth Management Inc. purchased a new stake in Meta Platforms during the fourth quarter worth about $3,149,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Meta Platforms stock opened at $715.91 on Wednesday. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. 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 business has a 50 day simple moving average of $643.13 and a 200-day simple moving average of $587.57. The stock has a market capitalization of $1.81 trillion, a PE ratio of 29.93, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate 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 previous year, the firm earned $5.33 earnings per share. Equities analysts predict that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.29%. Meta Platforms’s dividend payout ratio is presently 8.36%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on META shares. Monness Crespi & Hardt boosted their price target on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Bank of America boosted their price objective on Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. 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. Wells Fargo & Company boosted their price objective on Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Citigroup boosted their price objective on Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the transaction, the chief operating officer now owns 19,579 shares in the company, valued at approximately $11,018,473.83. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $565.30, for a total value of $511,596.50. Following the completion of the sale, the insider now directly owns 37,790 shares in the company, valued at $21,362,687. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 770,701 shares of company stock worth $495,357,621. 13.71% of the stock is owned by corporate insiders.

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.