AM Investment Strategies LLC Has $9.06 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

AM Investment Strategies LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 0.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 25,581 shares of the social networking company’s stock after acquiring an additional 100 shares during the period. Meta Platforms comprises 2.6% of AM Investment Strategies LLC’s investment portfolio, making the stock its 6th largest holding. AM Investment Strategies LLC’s holdings in Meta Platforms were worth $9,055,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Integrated Investment Consultants LLC increased its stake in Meta Platforms by 6.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 7,221 shares of the social networking company’s stock worth $2,168,000 after buying an additional 429 shares during the period. Cedar Brook Financial Partners LLC increased its position in Meta Platforms by 2.0% during the 3rd quarter. Cedar Brook Financial Partners LLC now owns 3,094 shares of the social networking company’s stock valued at $929,000 after purchasing an additional 62 shares during the period. Perennial Advisors LLC increased its position in Meta Platforms by 11.0% during the 3rd quarter. Perennial Advisors LLC now owns 3,028 shares of the social networking company’s stock valued at $909,000 after purchasing an additional 300 shares during the period. Newbridge Financial Services Group Inc. increased its position in Meta Platforms by 10.0% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 4,862 shares of the social networking company’s stock valued at $1,460,000 after purchasing an additional 443 shares during the period. Finally, Nalls Sherbakoff Group LLC increased its position in Meta Platforms by 322.8% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 334 shares of the social networking company’s stock valued at $100,000 after purchasing an additional 255 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

META has been the subject of several analyst reports. Oppenheimer decreased their target price on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays cut their price target on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial cut their price target on shares of Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a report on Thursday. Sanford C. Bernstein cut their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Robert W. Baird cut their price target on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.18.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction dated Thursday, February 15th. The shares were 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 of the company’s stock, valued at $8,723,496.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Javier Olivan sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the sale, the chief operating officer now directly owns 68,935 shares in the company, valued at $27,574,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the transaction, the chief technology officer now owns 18,432 shares in the company, valued at $8,723,496.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,368,829 shares of company stock valued at $657,321,830. 13.75% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 10.6 %

NASDAQ META traded down $52.12 during trading hours on Thursday, reaching $441.38. The company had a trading volume of 82,642,094 shares, compared to its average volume of 18,210,709. The stock has a 50-day moving average of $495.08 and a 200 day moving average of $403.40. Meta Platforms, Inc. has a 1-year low of $208.88 and a 1-year high of $531.49. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.13 trillion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 1.27 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. As a group, research analysts anticipate that Meta Platforms, Inc. will post 20.18 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend 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 13.42%.

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.