Walled Lake Planning & Wealth Management LLC Has $1.06 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Walled Lake Planning & Wealth Management LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,815 shares of the social networking company’s stock after selling 19 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Meta Platforms were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC purchased a new stake in Meta Platforms in the 3rd quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms during the third quarter worth about $36,000. Millstone Evans Group LLC bought a new stake in Meta Platforms in the 4th quarter worth about $40,000. Avondale Wealth Management purchased a new stake in Meta Platforms in the 4th quarter valued at about $41,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Meta Platforms during the 4th quarter worth approximately $43,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 4.3 %

Shares of NASDAQ:META opened at $576.74 on Friday. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The stock’s 50-day moving average price is $655.23 and its 200-day moving average price is $609.21. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the business posted $5.33 EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.78%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Cantor Fitzgerald increased their price target on Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Truist Financial raised their price objective on shares of Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Wedbush reissued an “outperform” rating and set a $770.00 target price (up from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Two 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 MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $718.31.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $603.98, for a total transaction of $21,695,565.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of the business’s stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the transaction, the chief technology officer now directly owns 5,139 shares in the company, valued at $3,785,747.13. This trade represents a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 584,823 shares of company stock valued at $386,274,777 in the last quarter. Company insiders own 13.71% of the company’s stock.

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.