Bryn Mawr Capital Management LLC Buys 1,530 Shares of Meta Platforms, Inc. (NASDAQ:META)

Bryn Mawr Capital Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,056 shares of the social networking company’s stock after purchasing an additional 1,530 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Meta Platforms were worth $11,346,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stone House Investment Management LLC boosted its holdings in Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. PayPay Securities Corp raised its position in Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new position in Meta Platforms during the fourth quarter valued at approximately $39,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $443.29 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.13 trillion, a PE ratio of 25.46, a P/E/G ratio of 1.12 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49. The business’s fifty day moving average price is $494.48 and its 200 day moving average price is $404.27.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.33 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. Meta Platforms’s dividend payout ratio is presently 11.49%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Meta Platforms news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares in the company, valued at approximately $8,723,496.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 97,093 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total value of $45,601,669.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,349,148 shares of company stock worth $649,552,559. 13.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

META has been the topic of several research analyst reports. Monness Crespi & Hardt raised their price objective on Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a report 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. Canaccord Genuity Group lifted their price target on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $545.00 price target (down from $600.00) on shares of Meta Platforms in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price 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.