Consolidated Planning Corp Has $3.80 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Consolidated Planning Corp raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,744 shares of the social networking company’s stock after buying an additional 308 shares during the quarter. Consolidated Planning Corp’s holdings in Meta Platforms were worth $3,803,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in META. Galvin Gaustad & Stein LLC grew its stake in Meta Platforms by 3.7% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 2,114 shares of the social networking company’s stock valued at $635,000 after buying an additional 75 shares during the last quarter. Goldstein Advisors LLC grew its stake in Meta Platforms by 75.0% in the 3rd quarter. Goldstein Advisors LLC now owns 1,300 shares of the social networking company’s stock valued at $390,000 after buying an additional 557 shares during the last quarter. Advisory Alpha LLC grew its stake in Meta Platforms by 14.7% in the 3rd quarter. Advisory Alpha LLC now owns 3,019 shares of the social networking company’s stock valued at $906,000 after buying an additional 388 shares during the last quarter. Secure Asset Management LLC grew its stake in Meta Platforms by 20.3% in the 3rd quarter. Secure Asset Management LLC now owns 7,008 shares of the social networking company’s stock valued at $2,104,000 after buying an additional 1,181 shares during the last quarter. Finally, Waller Financial Planning Group Inc. acquired a new position in Meta Platforms in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.4 %

Shares of NASDAQ:META traded up $1.91 during trading on Friday, hitting $443.29. 32,645,619 shares of the company’s stock were exchanged, compared to its average volume of 18,233,678. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49. The firm has a 50-day moving average price of $494.48 and a two-hundred day moving average price of $404.27. 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 firm has a market cap of $1.13 trillion, a P/E ratio of 25.46, a PEG ratio of 1.12 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 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Equities analysts predict that Meta Platforms, Inc. will post 20.33 earnings per share 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 11.49%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Meta Platforms news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $491.25, for a total value of $287,381.25. Following the transaction, the insider now owns 37,228 shares of the company’s stock, valued at $18,288,255. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,349,148 shares of company stock worth $649,552,559. 13.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wolfe Research lowered their target price on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday. Raymond James reduced their price target on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a report on Thursday. Sanford C. Bernstein reduced 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. KeyCorp reduced their price target on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $550.00 price objective on shares of Meta Platforms in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.