Schnieders Capital Management LLC Buys 1,830 Shares of Meta Platforms, Inc. (NASDAQ:META)

Schnieders Capital Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,849 shares of the social networking company’s stock after acquiring an additional 1,830 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Schnieders Capital Management LLC’s portfolio, making the stock its 16th largest position. Schnieders Capital Management LLC’s holdings in Meta Platforms were worth $6,672,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stone House Investment Management LLC increased its stake in Meta Platforms by 625.0% during 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 in the last quarter. Beaird Harris Wealth Management LLC grew 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 worth $31,000 after acquiring an additional 42 shares in the last quarter. PayPay Securities Corp grew 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 worth $33,000 after acquiring an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC grew 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 worth $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth $39,000. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $392.36, for a total transaction of $7,722,037.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Javier Olivan sold 4,500 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $395.00, for a total transaction of $1,777,500.00. Following the completion of the transaction, the chief operating officer now directly owns 75,435 shares in the company, valued at $29,796,825. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $392.36, for a total value of $7,722,037.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,392,425 shares of company stock valued at $666,533,986. 14.03% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of META stock traded up $14.37 during trading on Tuesday, hitting $496.10. The company had a trading volume of 14,985,989 shares, compared to its average volume of 17,131,002. The stock’s 50-day moving average is $495.52 and its two-hundred day moving average is $402.50. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. During the same quarter last year, the firm posted $3.00 earnings per share. The firm’s revenue was up 24.7% on a year-over-year basis. As a group, analysts predict that Meta Platforms, Inc. will post 20.18 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. 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 is currently 13.42%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Oppenheimer upped their target price on shares of Meta Platforms from $525.00 to $585.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Citigroup boosted their price target on shares of Meta Platforms from $525.00 to $590.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Sanford C. Bernstein boosted their price target on shares of Meta Platforms from $535.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $520.28.

Meta Platforms 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.