Baldwin Wealth Partners LLC MA Sells 35 Shares of Meta Platforms, Inc. (NASDAQ:META)

Baldwin Wealth Partners LLC MA trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,593 shares of the social networking company’s stock after selling 35 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Meta Platforms were worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JDM Financial Group LLC bought a new stake in shares of Meta Platforms during the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms during the 4th quarter valued at $41,000. Halpern Financial Inc. bought a new position in Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC acquired a new stake in Meta Platforms in the third quarter worth $49,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on META shares. Cantor Fitzgerald raised their target price on Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research note on Thursday. Roth Mkm boosted their price objective on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Mizuho lifted their price target on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday. Pivotal Research upped their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wolfe Research boosted their target price on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $706.76.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value 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 represents a 14.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $607.97, for a total transaction of $21,838,890.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 661,804 shares of company stock valued at $407,745,741. Insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 1.6 %

Meta Platforms stock opened at $687.00 on Friday. The stock has a market cap of $1.73 trillion, a P/E ratio of 32.36, a PEG ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a fifty-two week low of $387.10 and a fifty-two week high of $710.79. The firm’s fifty day moving average price is $611.00 and its 200-day moving average price is $564.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73.

Meta Platforms (NASDAQ:META) last issued 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 35.60% and a net margin of 35.55%. During the same quarter in the prior year, the firm posted $5.33 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 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.