Baldwin Wealth Partners LLC MA Decreases Stake in Meta Platforms, Inc. (NASDAQ:META)

Baldwin Wealth Partners LLC MA lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Creekside Partners bought a new position in shares of Meta Platforms during the second quarter valued at about $327,000. Heritage Wealth Management Inc. bought a new position in Meta Platforms during the 2nd quarter valued at approximately $213,000. Anchor Investment Management LLC lifted its holdings in Meta Platforms by 0.4% in the 2nd quarter. Anchor Investment Management LLC now owns 20,112 shares of the social networking company’s stock worth $10,141,000 after buying an additional 83 shares during the period. Centaurus Financial Inc. grew its position in shares of Meta Platforms by 75.1% in the 2nd quarter. Centaurus Financial Inc. now owns 23,244 shares of the social networking company’s stock worth $11,720,000 after buying an additional 9,972 shares during the last quarter. Finally, Greater Midwest Financial Group LLC purchased a new position in shares of Meta Platforms during the second quarter valued at approximately $2,925,000. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on META. Stifel Nicolaus lifted their price target on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a report on Monday, October 14th. Barclays lifted their target price on shares of Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research note on Thursday. DA Davidson lifted their price objective on Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial increased their target price on Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America upped their price target on Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $706.76.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total transaction of $24,195,307.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 901 shares of Meta Platforms stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $567.70, for a total transaction of $511,497.70. Following the transaction, the insider now directly owns 30,581 shares of the company’s stock, valued at $17,360,833.70. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 %

Shares of META opened at $687.00 on Friday. Meta Platforms, Inc. has a 1 year low of $387.10 and a 1 year high of $710.79. The company has a 50 day simple moving average of $611.00 and a two-hundred day simple moving average of $564.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The firm has a market cap of $1.73 trillion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19.

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 net margin of 35.55% and a return on equity of 35.60%. During the same period in the prior year, the company posted $5.33 EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. Meta Platforms’s dividend payout ratio is currently 9.42%.

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.