By otakuyassine3@gmail.com 
Duncker Streett & Co. Inc. grew its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 67.9% during the 4th quarter, HoldingsChannel reports. The firm owned 806 shares of the social networking company’s stock after acquiring an additional 326 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Meta Platforms were worth $472,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JDM Financial Group LLC bought a new stake in shares of Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the third quarter valued at about $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $41,000. Cordant Inc. bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $59,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Meta Platforms in the third quarter valued at about $70,000. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Price Performance
META opened at $625.66 on Friday. The company has a fifty day moving average price of $656.39 and a two-hundred day moving average price of $599.31. 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 52 week low of $414.50 and a 52 week high of $740.91. The firm has a market capitalization of $1.59 trillion, a PE ratio of 26.16, a P/E/G ratio of 1.42 and a beta of 1.20.
Meta Platforms (NASDAQ:META – Get Free Report) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the firm posted $5.33 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.34%. The ex-dividend date is Friday, March 14th. Meta Platforms’s payout ratio is currently 8.78%.
Insider Activity at Meta Platforms
In related news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $589.16, for a total value of $243,323.08. Following the sale, the chief operating officer now directly owns 17,514 shares of the company’s stock, valued at approximately $10,318,548.24. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 55,589 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $717.72, for a total transaction of $39,897,337.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 775,295 shares of company stock valued at $504,237,715. 13.71% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on META. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research note on Monday, January 27th. BMO Capital Markets increased their target price on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group increased their target price on shares of Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Finally, Cantor Fitzgerald raised their price target on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $719.26.
Read Our Latest Stock Report on Meta Platforms
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.
See Also
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