Bremer Bank National Association Sells 383 Shares of Meta Platforms, Inc. (NASDAQ:META)

Bremer Bank National Association lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,946 shares of the social networking company’s stock after selling 383 shares during the period. Meta Platforms accounts for approximately 1.3% of Bremer Bank National Association’s holdings, making the stock its 25th biggest position. Bremer Bank National Association’s holdings in Meta Platforms were worth $6,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Meta Platforms by 0.6% in the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after buying an additional 897 shares in the last quarter. Wealth Management Partners LLC increased its stake in Meta Platforms by 19.7% in the 4th quarter. Wealth Management Partners LLC now owns 2,315 shares of the social networking company’s stock worth $1,355,000 after acquiring an additional 381 shares during the last quarter. Sarasin & Partners LLP raised its holdings in shares of Meta Platforms by 16.6% during the 4th quarter. Sarasin & Partners LLP now owns 796,213 shares of the social networking company’s stock worth $466,191,000 after acquiring an additional 113,433 shares in the last quarter. M.E. Allison & CO. Inc. bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $442,000. Finally, Willner & Heller LLC grew its holdings in shares of Meta Platforms by 20.3% in the fourth quarter. Willner & Heller LLC now owns 759 shares of the social networking company’s stock valued at $444,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the topic of a number of recent research reports. Pivotal Research upped their price target on shares of Meta Platforms from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Morgan Stanley boosted their price objective on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted 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. Finally, UBS Group raised their price target on Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $652.98.

Insider Activity

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $580.10, for a total value of $524,990.50. Following the completion of the transaction, the insider now owns 31,482 shares of the company’s stock, valued at approximately $18,262,708.20. This trade represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Aaron Anderson sold 731 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 567,111 shares of company stock worth $345,453,784 over the last 90 days. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Up 1.1 %

Shares of Meta Platforms stock opened at $623.50 on Thursday. Meta Platforms, Inc. has a 52-week low of $382.08 and a 52-week high of $638.40. The firm’s 50 day moving average price is $598.87 and its 200-day moving average price is $558.76. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.57 trillion, a P/E ratio of 29.37, a PEG ratio of 1.16 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, sell-side analysts predict that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.32%. Meta Platforms’s payout ratio is 9.42%.

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.