Total Investment Management Inc. Acquires 88 Shares of Meta Platforms, Inc. (NASDAQ:META)

Total Investment Management Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 870 shares of the social networking company’s stock after acquiring an additional 88 shares during the quarter. Total Investment Management Inc.’s holdings in Meta Platforms were worth $509,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. JDM Financial Group LLC purchased a new position in Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the 3rd quarter worth $36,000. Avondale Wealth Management purchased a new position in Meta Platforms in the fourth quarter worth $41,000. Cordant Inc. bought a new position in Meta Platforms in the fourth quarter valued at $59,000. Finally, Reston Wealth Management LLC purchased a new stake in Meta Platforms during the third quarter valued at about $61,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $565.30, for a total value of $511,596.50. Following the completion of the transaction, the insider now owns 37,790 shares in the company, valued at $21,362,687. The trade was a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $577.49, for a total value of $238,503.37. Following the completion of the transaction, the chief operating officer now directly owns 19,166 shares of the company’s stock, valued at approximately $11,068,173.34. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 809,804 shares of company stock valued at $523,576,440. 13.71% of the stock is owned by insiders.

Meta Platforms Trading Down 1.6 %

Shares of NASDAQ META opened at $683.62 on Monday. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a 50-day moving average of $647.09 and a 200 day moving average of $591.96. The stock has a market cap of $1.73 trillion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the company posted $5.33 EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.31%. Meta Platforms’s payout ratio is presently 8.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. KeyCorp upped their price objective on Meta Platforms from $700.00 to $750.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. BMO Capital Markets increased their price target on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. DA Davidson lifted their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada upped their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Piper Sandler lifted their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $719.26.

Meta Platforms 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.