Wealth Dimensions Group Ltd. Purchases 522 Shares of Meta Platforms, Inc. (NASDAQ:META)

Wealth Dimensions Group Ltd. raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,072 shares of the social networking company’s stock after acquiring an additional 522 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Meta Platforms were worth $1,213,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of META. Howard Capital Management Group LLC increased its stake in Meta Platforms by 17.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock valued at $946,000 after purchasing an additional 251 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Meta Platforms by 6.5% during the third quarter. Principal Financial Group Inc. now owns 3,368,361 shares of the social networking company’s stock worth $1,928,185,000 after acquiring an additional 204,412 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of Meta Platforms by 9.1% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 3,219 shares of the social networking company’s stock worth $1,842,000 after acquiring an additional 269 shares during the last quarter. Aldebaran Financial Inc. lifted its position in Meta Platforms by 10.2% in the 3rd quarter. Aldebaran Financial Inc. now owns 2,853 shares of the social networking company’s stock valued at $1,633,000 after acquiring an additional 264 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd boosted its stake in Meta Platforms by 9.5% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 17,048 shares of the social networking company’s stock valued at $9,704,000 after purchasing an additional 1,480 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.2 %

Shares of Meta Platforms stock opened at $501.48 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The company’s 50 day moving average price is $608.14 and its 200-day moving average price is $607.21. The stock has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28.

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, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the firm posted $5.33 EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.42%. Meta Platforms’s dividend payout ratio is presently 8.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson dropped their target price on Meta Platforms from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. Mizuho upped their target price on shares of Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Piper Sandler lowered their target price on shares of Meta Platforms from $775.00 to $610.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Benchmark upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target on the stock in a report on Thursday, January 30th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $684.10.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $717.72, for a total transaction of $39,897,337.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 8,553 shares of the stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the completion of the transaction, the chief financial officer now directly owns 51,793 shares of the company’s stock, valued at approximately $38,154,349.31. The trade was a 14.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 379,901 shares of company stock worth $260,806,516. 13.71% of the stock is currently owned by company insiders.

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.