DecisionMap Wealth Management LLC Invests $1.24 Million in Meta Platforms, Inc. (NASDAQ:META)

DecisionMap Wealth Management LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,116 shares of the social networking company’s stock, valued at approximately $1,239,000. Meta Platforms comprises about 1.0% of DecisionMap Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors also recently bought and sold shares of META. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms during the 3rd quarter valued at about $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the fourth quarter valued at about $41,000. Cordant Inc. purchased a new position in shares of Meta Platforms in the fourth quarter worth about $59,000. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $70,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 921 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $595.00, for a total transaction of $547,995.00. Following the completion of the transaction, the insider now directly owns 33,024 shares in the company, valued at approximately $19,649,280. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 22,035 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $618.63, for a total transaction of $13,631,512.05. The disclosure for this sale can be found here. Insiders sold a total of 653,450 shares of company stock valued at $427,997,036 over the last quarter. 13.71% of the stock is owned by insiders.

Meta Platforms Stock Down 0.4 %

Shares of NASDAQ:META opened at $604.90 on Tuesday. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The stock has a market cap of $1.53 trillion, a P/E ratio of 25.29, a PEG ratio of 1.42 and a beta of 1.23. The business has a fifty day moving average of $657.51 and a two-hundred day moving average of $604.41. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $5.33 earnings per share. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio is presently 8.78%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Raymond James reiterated a “strong-buy” rating and issued a $800.00 price target (up previously from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Cantor Fitzgerald raised their target price on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. DA Davidson upped 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. Citigroup lifted their price objective on Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group upped their target price on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $719.26.

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.