Conrad Siegel Investment Advisors Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,735 shares of the social networking company’s stock after purchasing an additional 29 shares during the quarter. Meta Platforms accounts for approximately 0.3% of Conrad Siegel Investment Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Conrad Siegel Investment Advisors Inc.’s holdings in Meta Platforms were worth $1,016,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after buying an additional 698,884 shares in the last quarter. Jennison Associates LLC increased its holdings in Meta Platforms by 1.9% in the 3rd quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock worth $8,266,531,000 after acquiring an additional 263,063 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after purchasing an additional 118,298 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Meta Platforms by 57,001.5% in the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Meta Platforms by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,754,450 shares of the social networking company’s stock worth $3,911,029,000 after purchasing an additional 208,677 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CAO Aaron Anderson sold 731 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the transaction, the chief accounting officer now owns 3,414 shares in the company, valued at approximately $1,901,598. This represents a 17.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 420 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $600.17, for a total value of $252,071.40. Following the sale, the chief executive officer now owns 518,004 shares of the company’s stock, valued at approximately $310,890,460.68. The trade was a 0.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 423,427 shares of company stock worth $256,996,450 in the last quarter. 13.71% of the stock is owned by company insiders.
Meta Platforms Stock Down 1.2 %
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.33%. Meta Platforms’s payout ratio is 9.42%.
Analysts Set New Price Targets
Several research firms recently issued reports on META. The Goldman Sachs Group lifted their price objective on Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a report on Monday, October 14th. KeyCorp lifted their price target on Meta Platforms from $655.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler increased their price objective on Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. UBS Group lifted their target price on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wolfe Research increased their target price on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $650.05.
Read Our Latest Stock Analysis on META
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.
Further Reading
- Five stocks we like better than Meta Platforms
- What is the S&P 500 and How It is Distinct from Other Indexes
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- How to Invest in Blue Chip Stocks
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Delta Can Fly to New Highs in 2025; Here’s Why
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.