KLCM Advisors Inc. Has $825,000 Stake in Meta Platforms, Inc. (NASDAQ:META)

KLCM Advisors Inc. increased its position in Meta Platforms, Inc. (NASDAQ:META) by 64.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,332 shares of the social networking company’s stock after purchasing an additional 916 shares during the period. KLCM Advisors Inc.’s holdings in Meta Platforms were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Norges Bank acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $4,223,148,000. Morgan Stanley acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $4,072,543,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $1,796,633,000. Legal & General Group Plc acquired a new stake in shares of Meta Platforms during the 4th quarter valued at $1,731,491,000. Finally, FMR LLC boosted its stake in shares of Meta Platforms by 4.0% during the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after buying an additional 5,001,647 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Javier Olivan sold 490 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now owns 79,944 shares in the company, valued at $39,015,070.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,439,788 shares of company stock worth $684,542,792. Corporate insiders own 14.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on META. Oppenheimer lifted their target price on shares of Meta Platforms from $525.00 to $585.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. KeyCorp lifted their target price on shares of Meta Platforms from $465.00 to $575.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Wells Fargo & Company cut their price target on shares of Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Citigroup raised their price target on shares of Meta Platforms from $525.00 to $590.00 and gave the company a “buy” rating in a report on Monday. Finally, Wolfe Research raised their price target on shares of Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $509.28.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $7.67 during trading on Wednesday, hitting $492.09. 6,114,632 shares of the company’s stock traded hands, compared to its average volume of 16,996,152. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The firm’s fifty day moving average price is $493.16 and its 200 day moving average price is $396.01. Meta Platforms, Inc. has a twelve month low of $207.13 and a twelve month high of $531.49. The company has a market cap of $1.25 trillion, a PE ratio of 33.34, a PEG ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same period in the previous year, the business earned $3.00 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. Analysts forecast that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced 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 0.41%. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

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.