Total Investment Management Inc. Has $519,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

Total Investment Management Inc. lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 40.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,465 shares of the social networking company’s stock after acquiring an additional 421 shares during the quarter. Total Investment Management Inc.’s holdings in Meta Platforms were worth $519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its position in shares of Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after purchasing an additional 32,423 shares in the last quarter. Bank of Stockton lifted its position in Meta Platforms by 9.2% in the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after buying an additional 400 shares in the last quarter. Signify Wealth acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $228,000. Illinois Municipal Retirement Fund boosted its stake in shares of Meta Platforms by 1.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after buying an additional 4,025 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its holdings in shares of Meta Platforms by 1.5% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 566 shares of Meta Platforms stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $404.00, for a total value of $228,664.00. Following the sale, the insider now owns 34,720 shares of the company’s stock, valued at $14,026,880. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $501.18, for a total value of $245,578.20. Following the completion of the sale, the chief operating officer now owns 7,089 shares in the company, valued at $3,552,865.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 566 shares of Meta Platforms stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $404.00, for a total transaction of $228,664.00. Following the completion of the transaction, the insider now directly owns 34,720 shares of the company’s stock, valued at approximately $14,026,880. The disclosure for this sale can be found here. Insiders sold a total of 1,349,148 shares of company stock worth $649,552,559 in the last three months. Insiders own 13.75% of the company’s stock.

Meta Platforms Stock Up 0.4 %

Shares of META stock opened at $443.29 on Friday. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49. The company has a quick ratio of 2.67, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $494.48 and a 200-day moving average of $404.85. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.13 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. As a group, equities research analysts predict that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal 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 dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Analyst Ratings Changes

Several analysts recently issued reports on META shares. Canaccord Genuity Group cut their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen cut their price target on Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets boosted their price target on Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Royal Bank of Canada dropped their price objective on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, KeyCorp reduced their target price on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $509.18.

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.