Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Copperwynd Financial LLC

Copperwynd Financial LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,103 shares of the social networking company’s stock after purchasing an additional 295 shares during the quarter. Meta Platforms comprises 1.3% of Copperwynd Financial LLC’s portfolio, making the stock its 17th largest position. Copperwynd Financial LLC’s holdings in Meta Platforms were worth $4,744,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of META. Geode Capital Management LLC increased its position in shares of Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after acquiring an additional 698,884 shares in the last quarter. Jennison Associates LLC grew its holdings in Meta Platforms by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after purchasing an additional 263,063 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Meta Platforms by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after purchasing an additional 424,201 shares in the last quarter. Franklin Resources Inc. grew its holdings in Meta Platforms by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock valued at $4,101,602,000 after purchasing an additional 186,728 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Meta Platforms by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after purchasing an additional 110,040 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in 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 company a “buy” rating in a report on Thursday, January 30th. Citigroup raised their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Barclays raised their price target on shares of Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. DA Davidson raised their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Jefferies Financial Group increased their price objective on shares of Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $718.31.

Meta Platforms Stock Down 3.7 %

Meta Platforms stock opened at $582.36 on Wednesday. The stock has a market cap of $1.48 trillion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.42 and a beta of 1.23. 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 company’s 50-day moving average price is $656.80 and its two-hundred day moving average price is $604.84. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating 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 in the previous year, the business posted $5.33 EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

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

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 5,060 shares of Meta Platforms stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the transaction, the chief technology officer now owns 5,139 shares of the company’s stock, valued at $3,785,747.13. The trade was a 49.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 10,100 shares of Meta Platforms stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $601.54, for a total transaction of $6,075,554.00. The disclosure for this sale can be found here. Insiders have sold 631,415 shares of company stock valued at $414,365,524 in the last quarter. 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.