Bell Bank Has $2.81 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Bell Bank lifted its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 35.6% during the 4th quarter, Holdings Channel reports. The firm owned 7,930 shares of the social networking company’s stock after purchasing an additional 2,083 shares during the quarter. Bell Bank’s holdings in Meta Platforms were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of META. Stone House Investment Management LLC grew its stake in 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 buying an additional 75 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Meta Platforms in the 4th quarter valued at about $26,000. Stephens Investment Management Group LLC acquired a new position in Meta Platforms in the 2nd quarter valued at about $30,000. Beaird Harris Wealth Management LLC grew its stake in 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 buying an additional 42 shares during the last quarter. Finally, PayPay Securities Corp grew its stake in 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 buying an additional 43 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Meta Platforms from $420.00 to $535.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Wolfe Research boosted their price objective on shares of Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Mizuho boosted their price objective on shares of Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Oppenheimer boosted their price objective on shares of Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $536.00 to $609.00 and gave the company an “overweight” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $496.35.

Check Out Our Latest Report on Meta Platforms

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Javier Olivan sold 490 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 79,944 shares in the company, valued at $39,015,070.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The disclosure for this sale can be found here. Insiders sold a total of 1,502,805 shares of company stock worth $703,056,383 over the last three months. 14.03% of the stock is owned by company insiders.

Meta Platforms Trading Up 1.2 %

Shares of NASDAQ META opened at $497.37 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a 52-week low of $207.13 and a 52-week high of $523.57. The firm has a 50 day moving average price of $473.50 and a two-hundred day moving average price of $381.00. The stock has a market cap of $1.27 trillion, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same period in the prior year, the company posted $3.00 EPS. The company’s revenue was up 24.7% on a year-over-year basis. As a group, equities analysts forecast that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Meta Platforms Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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