Carl P. Sherr & Co. LLC Purchases 145 Shares of Meta Platforms, Inc. (NASDAQ:META)

Carl P. Sherr & Co. LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,624 shares of the social networking company’s stock after buying an additional 145 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Meta Platforms were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Stockton lifted its holdings in shares of Meta Platforms by 9.2% during the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after buying an additional 400 shares during the period. Signify Wealth bought a new position in Meta Platforms in the 4th quarter worth $228,000. Investment Research & Advisory Group Inc. raised its holdings in Meta Platforms by 1.5% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock worth $3,880,000 after purchasing an additional 164 shares during the period. Keel Point LLC raised its holdings in Meta Platforms by 6.3% in the 3rd quarter. Keel Point LLC now owns 6,690 shares of the social networking company’s stock worth $2,008,000 after purchasing an additional 399 shares during the period. Finally, Syntegra Private Wealth Group LLC bought a new position in Meta Platforms in the 4th quarter worth $269,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

META has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and issued a $500.00 price target on shares of Meta Platforms in a research note on Monday, March 18th. KeyCorp increased their price target on Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Barclays increased their price target on Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $509.28.

Meta Platforms Trading Down 0.6 %

NASDAQ META traded down $2.91 during trading on Wednesday, hitting $496.85. The stock had a trading volume of 2,849,493 shares, compared to its average volume of 16,944,990. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 1.28 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $207.13 and a one year high of $531.49. The stock has a 50 day simple moving average of $493.16 and a 200 day simple moving average of $396.01.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.51. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.00 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is presently 13.42%.

Insider Activity

In other news, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the sale, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now directly owns 76,398 shares in the company, valued at $36,157,645.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,439,788 shares of company stock valued at $684,542,792. Corporate insiders own 14.03% 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.