Brueske Advisory Services LLC Acquires New Stake in Meta Platforms, Inc. (NASDAQ:META)

Brueske Advisory Services LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 784 shares of the social networking company’s stock, valued at approximately $459,000.

Several other institutional investors have also recently added to or reduced their stakes in META. Proficio Capital Partners LLC raised its position in shares of Meta Platforms by 78,471.1% in the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock valued at $3,658,713,000 after buying an additional 6,240,810 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Meta Platforms by 87,269.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after acquiring an additional 1,066,437 shares during the period. World Investment Advisors LLC raised its holdings in Meta Platforms by 4,658.5% in the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after purchasing an additional 698,884 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 2.6 %

META stock opened at $656.47 on Thursday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $655.90 and a 200-day simple moving average of $599.11. The company has a market capitalization of $1.66 trillion, a P/E ratio of 27.44, a PEG ratio of 1.42 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data 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 net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the company posted $5.33 earnings per share. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s payout ratio is currently 8.78%.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $623.50, for a total value of $257,505.50. Following the completion of the sale, the chief operating officer now directly owns 18,753 shares in the company, valued at approximately $11,692,495.50. The trade was a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 22,946 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $621.84, for a total value of $14,268,740.64. The disclosure for this sale can be found here. Insiders have sold 797,320 shares of company stock worth $517,913,331 over the last quarter. 13.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price target on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Raymond James reiterated a “strong-buy” rating and set a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Mizuho boosted their target price on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $719.26.

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.