Blackhawk Capital Partners LLC. Sells 257 Shares of Meta Platforms, Inc. (NASDAQ:META)

Blackhawk Capital Partners LLC. decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,987 shares of the social networking company’s stock after selling 257 shares during the period. Meta Platforms comprises 4.9% of Blackhawk Capital Partners LLC.’s portfolio, making the stock its 2nd biggest position. Blackhawk Capital Partners LLC.’s holdings in Meta Platforms were worth $9,152,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. DE Burlo Group Inc. lifted its position in Meta Platforms by 146.3% during the 3rd quarter. DE Burlo Group Inc. now owns 36,700 shares of the social networking company’s stock worth $21,009,000 after buying an additional 21,800 shares in the last quarter. Integrated Investment Consultants LLC increased its position in shares of Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in Meta Platforms by 8.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 32,563 shares of the social networking company’s stock worth $18,640,000 after acquiring an additional 2,572 shares in the last quarter. German American Bancorp Inc. boosted its position in Meta Platforms by 9.3% during the third quarter. German American Bancorp Inc. now owns 36,895 shares of the social networking company’s stock valued at $21,120,000 after purchasing an additional 3,135 shares during the last quarter. Finally, Trustmark National Bank Trust Department boosted its position in Meta Platforms by 2.6% during the third quarter. Trustmark National Bank Trust Department now owns 22,188 shares of the social networking company’s stock valued at $12,701,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and set a $600.00 price objective on shares of Meta Platforms in a research note on Thursday, September 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $670.00 price target on shares of Meta Platforms in a research report on Wednesday, October 16th. Mizuho lifted their price objective on shares of Meta Platforms from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Citigroup upped their target price on shares of Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Evercore ISI lifted their price target on Meta Platforms from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $634.10.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 33,018 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $517.94, for a total value of $17,101,342.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction of $345,340.00. Following the sale, the chief operating officer now directly owns 19,992 shares in the company, valued at $11,135,544. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,843 shares of company stock valued at $92,083,554. 13.71% of the stock is currently owned by insiders.

Meta Platforms Trading Down 0.7 %

Shares of META stock opened at $559.14 on Friday. Meta Platforms, Inc. has a fifty-two week low of $313.66 and a fifty-two week high of $602.95. The stock’s fifty day moving average price is $572.74 and its two-hundred day moving average price is $524.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market cap of $1.41 trillion, a PE ratio of 26.34, a P/E/G ratio of 1.25 and a beta of 1.22.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. Equities analysts predict that Meta Platforms, Inc. will post 22.53 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were given a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.36%. Meta Platforms’s dividend payout ratio is currently 9.42%.

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.