Henrickson Nauta Wealth Advisors Inc. Purchases 1,079 Shares of Meta Platforms, Inc. $META

Henrickson Nauta Wealth Advisors Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 73.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,540 shares of the social networking company’s stock after purchasing an additional 1,079 shares during the quarter. Henrickson Nauta Wealth Advisors Inc.’s holdings in Meta Platforms were worth $1,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms in the third quarter worth about $26,000. Bare Financial Services Inc bought a new stake in Meta Platforms during the 2nd quarter valued at approximately $30,000. Knuff & Co LLC purchased a new position in Meta Platforms in the 2nd quarter worth approximately $44,000. Evergreen Private Wealth LLC lifted its holdings in Meta Platforms by 64.8% in the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock worth $65,000 after purchasing an additional 35 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Meta Platforms in the 3rd quarter worth approximately $71,000. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

META has been the subject of a number of research analyst reports. DA Davidson increased their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $900.00 target price (up from $870.00) on shares of Meta Platforms in a report on Thursday, January 29th. Morgan Stanley upped their target price on shares of Meta Platforms from $750.00 to $825.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Tuesday, January 13th. Finally, KeyCorp reduced their price target on shares of Meta Platforms from $875.00 to $835.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $846.63.

Get Our Latest Research Report on META

Meta Platforms Stock Up 1.7%

NASDAQ META opened at $603.80 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market capitalization of $1.53 trillion, a P/E ratio of 25.69, a P/E/G ratio of 0.92 and a beta of 1.30. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50 day moving average price of $648.46 and a 200-day moving average price of $671.40.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, topping the consensus estimate of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The company had revenue of $59.89 billion for the quarter, compared to analysts’ expectations of $58.33 billion. During the same quarter in the previous year, the business posted $8.02 earnings per share. Meta Platforms’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.94%.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 56,571 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 2,461 shares of the company’s stock in a transaction dated Sunday, February 15th. The shares were sold at an average price of $639.77, for a total transaction of $1,574,473.97. Following the sale, the chief operating officer owned 12,108 shares in the company, valued at $7,746,335.16. This represents a 16.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 160,929 shares of company stock valued at $103,074,540 in the last three months. Corporate insiders own 13.61% of the company’s stock.

About Meta Platforms

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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