RS Crum Inc. Has $627,000 Position in Meta Platforms, Inc. (NASDAQ:META)

RS Crum Inc. raised its position in Meta Platforms, Inc. (NASDAQ:META) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,072 shares of the social networking company’s stock after purchasing an additional 26 shares during the quarter. RS Crum Inc.’s holdings in Meta Platforms were worth $627,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. JDM Financial Group LLC acquired a new stake in Meta Platforms in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at about $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms during the fourth quarter worth about $41,000. Cordant Inc. bought a new position in shares of Meta Platforms during the fourth quarter worth about $59,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Meta Platforms in the third quarter worth approximately $70,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Up 0.3 %

NASDAQ META opened at $584.06 on Thursday. The business’s fifty day moving average is $656.27 and its 200-day moving average is $604.69. 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 stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a one year low of $414.50 and a one year 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 EPS 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 period last year, the business earned $5.33 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.36%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio is 8.78%.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $607.50, for a total value of $369,360.00. Following the completion of the sale, the chief operating officer now owns 7,446 shares of the company’s stock, valued at approximately $4,523,445. This trade represents a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $595.00, for a total value of $547,995.00. Following the completion of the sale, the insider now owns 33,024 shares in the company, valued at $19,649,280. This represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 632,023 shares of company stock valued at $414,734,884 over the last ninety days. 13.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research report on Friday, January 24th. Piper Sandler boosted their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Oppenheimer boosted their price objective on Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $718.31.

About Meta Platforms

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.