CBIZ Investment Advisory Services LLC Has $108,000 Position in Meta Platforms, Inc. (NASDAQ:META)

CBIZ Investment Advisory Services LLC grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 28.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 184 shares of the social networking company’s stock after acquiring an additional 41 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in Meta Platforms were worth $108,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Ballentine Partners LLC lifted its stake in Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after purchasing an additional 808 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Meta Platforms by 0.6% during the 4th 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 during the last quarter. Brueske Advisory Services LLC acquired a new stake in Meta Platforms in the fourth quarter valued at about $459,000. Charles Schwab Investment Management Inc. grew its position in Meta Platforms by 0.9% in 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 acquiring an additional 118,298 shares during the last quarter. Finally, Apollon Financial LLC raised its stake in Meta Platforms by 11.1% during the fourth quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock worth $866,000 after acquiring an additional 148 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the topic of a number of research analyst reports. Benchmark upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target on the stock in a research note on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. DA Davidson upped their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Tigress Financial reissued a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group upped their target price on Meta Platforms from $688.00 to $765.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $718.31.

Meta Platforms Stock Up 0.3 %

Shares of NASDAQ META opened at $584.06 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The company has a 50-day moving average price of $656.27 and a 200-day moving average price of $604.69. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 24.42, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $5.33 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. Meta Platforms’s dividend payout ratio is presently 8.78%.

Insider Buying and Selling

In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $604.46, for a total value of $21,712,807.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 608 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $607.50, for a total value of $369,360.00. Following the completion of the transaction, the chief operating officer now owns 7,446 shares of the company’s stock, valued at $4,523,445. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 632,023 shares of company stock worth $414,734,884. 13.71% of the stock is owned by insiders.

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.