Brandywine Oak Private Wealth LLC Has $1.38 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Brandywine Oak Private Wealth LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,352 shares of the social networking company’s stock after buying an additional 34 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Meta Platforms were worth $1,377,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Stephens Consulting LLC increased its holdings in Meta Platforms by 5.3% in the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after buying an additional 16 shares in the last quarter. Lindenwold Advisors INC boosted its holdings in shares of Meta Platforms by 0.3% during the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock valued at $3,388,000 after acquiring an additional 17 shares during the last quarter. Insight Wealth Strategies LLC raised its holdings in shares of Meta Platforms by 1.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock valued at $625,000 after purchasing an additional 17 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its position in Meta Platforms by 0.6% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 17 shares during the period. Finally, Alliance Wealth Advisors LLC boosted its holdings in Meta Platforms by 0.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock worth $1,595,000 after purchasing an additional 18 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Up 0.3 %

Shares of META opened at $719.80 on Wednesday. The company has a market cap of $1.82 trillion, a PE ratio of 30.09, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $725.01. The business has a fifty day moving average of $631.85 and a 200 day moving average of $578.74. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $5.33 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 annualized dividend and a yield of 0.28%. Meta Platforms’s dividend payout ratio (DPR) is 8.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. DA Davidson raised their price target on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Monness Crespi & Hardt boosted their price target on Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Bank of America boosted their target price on shares of Meta Platforms from $710.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets upped their price objective on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Two investment 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 given a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 55,589 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Clegg sold 7,296 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the transaction, the insider now owns 38,695 shares in the company, valued at approximately $21,416,908.60. This represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 756,735 shares of company stock worth $475,285,232 in the last three months. Corporate insiders own 13.71% of the company’s stock.

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.