Cozad Asset Management Inc. Purchases 101 Shares of Meta Platforms, Inc. (NASDAQ:META)

Cozad Asset Management Inc. grew its position in Meta Platforms, Inc. (NASDAQ:META) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,728 shares of the social networking company’s stock after purchasing an additional 101 shares during the quarter. Cozad Asset Management Inc.’s holdings in Meta Platforms were worth $2,735,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of META. Stone House Investment Management LLC boosted its stake in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares during the last quarter. Cranbrook Wealth Management LLC boosted its stake in shares of Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Meta Platforms during the fourth quarter worth $39,000. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on META. Rosenblatt Securities increased their target price on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Piper Sandler reissued an “overweight” rating and set a $545.00 target price (down from $600.00) on shares of Meta Platforms in a research note on Thursday, April 25th. UBS Group cut their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their target price on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $509.18.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 552 shares of Meta Platforms stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total value of $256,128.00. Following the transaction, the insider now directly owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jennifer Newstead sold 552 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total transaction of $256,128.00. Following the completion of the sale, the insider now directly owns 34,168 shares in the company, valued at approximately $15,853,952. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,276,482 shares of company stock worth $620,451,095. Company insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

META stock traded down $1.76 during mid-day trading on Tuesday, hitting $430.86. 9,919,623 shares of the stock were exchanged, compared to its average volume of 18,318,672. The stock has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 25.08, a PEG ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a 12 month low of $229.85 and a 12 month high of $531.49. The business has a fifty day moving average price of $493.66 and a 200 day moving average price of $406.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.2 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

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.