Shelton Wealth Management LLC Has $1.10 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Shelton Wealth Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,884 shares of the social networking company’s stock after purchasing an additional 119 shares during the period. Shelton Wealth Management LLC’s holdings in Meta Platforms were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new stake in shares of Meta Platforms in the third quarter worth $30,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the 3rd quarter valued at $36,000. Avondale Wealth Management bought a new stake in Meta Platforms during the 4th quarter worth about $41,000. Halpern Financial Inc. acquired a new position in shares of Meta Platforms during the 3rd quarter worth about $46,000. Finally, West Financial Advisors LLC bought a new position in shares of Meta Platforms in the 3rd quarter valued at about $49,000. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on META shares. TD Cowen increased their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Wedbush raised their target price on shares of Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein boosted their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Susquehanna lifted their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “positive” rating in a research report on Thursday, October 31st. Finally, KeyCorp upped their target price on shares of Meta Platforms from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Two 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.05.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total transaction of $22,746,973.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 18,644 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.55, for a total transaction of $10,320,386.20. Following the completion of the transaction, the chief financial officer now owns 46,769 shares of the company’s stock, valued at $25,888,979.95. The trade was a 28.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 496,174 shares of company stock valued at $301,408,499 in the last three months. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

META stock opened at $612.77 on Monday. The business has a 50 day moving average of $596.78 and a 200-day moving average of $557.04. The firm has a market cap of $1.55 trillion, a PE ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19. Meta Platforms, Inc. has a 12-month low of $370.95 and a 12-month high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

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.