Chatham Capital Group Inc. Has $3.50 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Chatham Capital Group Inc. grew its position in Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,970 shares of the social networking company’s stock after purchasing an additional 35 shares during the period. Chatham Capital Group Inc.’s holdings in Meta Platforms were worth $3,495,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in META. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the 4th quarter valued at $41,000. Cordant Inc. bought a new position in shares of Meta Platforms in the fourth quarter valued at about $59,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Meta Platforms in the third quarter valued at about $70,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on META shares. Oppenheimer boosted their price objective on Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Citigroup upped their price target on Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Piper Sandler upped their price target on Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald upped their price objective on Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $719.26.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $622.24, for a total transaction of $22,351,483.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Andrew Bosworth sold 5,060 shares of the stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,727,550.20. Following the transaction, the chief technology officer now owns 5,139 shares in the company, valued at $3,785,747.13. This trade represents a 49.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 725,081 shares of company stock worth $472,702,625 over the last ninety days. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Trading Up 1.3 %

Shares of META stock opened at $605.71 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The stock has a 50 day simple moving average of $657.45 and a two-hundred day simple moving average of $601.96. The company has a market cap of $1.53 trillion, a P/E ratio of 25.32, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the previous year, the business earned $5.33 EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.525 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is currently 8.78%.

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.