Campbell Wealth Management Takes $203,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Campbell Wealth Management acquired a new stake in shares of Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 347 shares of the social networking company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Asset Planning Inc bought a new position in shares of Meta Platforms during the fourth quarter valued at about $420,000. White Pine Capital LLC grew its stake in shares of Meta Platforms by 1.0% during the fourth quarter. White Pine Capital LLC now owns 2,420 shares of the social networking company’s stock valued at $1,417,000 after buying an additional 24 shares during the last quarter. W.H. Cornerstone Investments Inc. grew its stake in shares of Meta Platforms by 33.7% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 615 shares of the social networking company’s stock valued at $360,000 after buying an additional 155 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Meta Platforms by 35.8% during the fourth quarter. V Square Quantitative Management LLC now owns 9,813 shares of the social networking company’s stock worth $5,746,000 after purchasing an additional 2,585 shares during the period. Finally, CFC Planning Co LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $549,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Down 1.3 %

Shares of NASDAQ:META opened at $694.84 on Friday. The company has a market cap of $1.76 trillion, a P/E ratio of 29.05, a PEG ratio of 1.47 and a beta of 1.20. 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 1 year low of $414.50 and a 1 year high of $740.91. The stock’s fifty day moving average price is $645.83 and its 200-day moving average price is $589.12.

Meta Platforms (NASDAQ:META) last announced 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 earned $5.33 EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.30%. Meta Platforms’s dividend payout ratio is currently 8.36%.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $565.30, for a total value of $511,596.50. Following the transaction, the insider now owns 37,790 shares of the company’s stock, valued at $21,362,687. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 4,706 shares of the firm’s stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the transaction, the chief operating officer now directly owns 20,935 shares in the company, valued at $15,422,186.45. This trade represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 810,217 shares of company stock valued at $523,808,864. 13.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on META. Raymond James reiterated a “strong-buy” rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. BMO Capital Markets increased their target price on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Cantor Fitzgerald increased their target price on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. DA Davidson increased their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank raised their price objective on shares of Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.