Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Bank of New Hampshire

Bank of New Hampshire boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,007 shares of the social networking company’s stock after purchasing an additional 30 shares during the period. Bank of New Hampshire’s holdings in Meta Platforms were worth $590,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in META. International Assets Investment Management LLC grew its holdings in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after acquiring an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares in the last quarter. Sustainable Growth Advisers LP acquired a new position in Meta Platforms during the 2nd quarter worth $595,152,000. World Investment Advisors LLC grew its holdings in Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after acquiring an additional 890,434 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after acquiring an additional 698,884 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.6 %

Shares of META stock traded down $4.01 during trading on Tuesday, hitting $626.19. 1,678,627 shares of the company were exchanged, compared to its average volume of 10,054,083. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The firm has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.39 and a beta of 1.19. The business’s 50-day simple moving average is $590.92 and its 200 day simple moving average is $550.47. Meta Platforms, Inc. has a twelve month low of $352.05 and a twelve month high of $638.40.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, analysts forecast that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $584.83, for a total value of $241,534.79. Following the completion of the sale, the chief operating officer now directly owns 11,533 shares in the company, valued at $6,744,844.39. The trade was a 3.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares of the company’s stock, valued at $29,776,261.56. This trade represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 361,640 shares of company stock worth $219,037,690. 13.71% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on META. Roth Mkm raised their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, October 31st. Scotiabank reduced their price target on shares of Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. Mizuho raised their price target on shares of Meta Platforms from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Wolfe Research raised their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $645.80.

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.