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Little House Capital LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,291 shares of the social networking company’s stock after purchasing an additional 293 shares during the period. Meta Platforms comprises approximately 2.7% of Little House Capital LLC’s portfolio, making the stock its 9th largest holding. Little House Capital LLC’s holdings in Meta Platforms were worth $9,539,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of META. JDM Financial Group LLC purchased a new position in Meta Platforms during the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms during the 3rd quarter worth $36,000. Avondale Wealth Management purchased a new position in Meta Platforms during the 4th quarter worth $41,000. Cordant Inc. purchased a new position in Meta Platforms during the 4th quarter worth $59,000. Finally, Reston Wealth Management LLC purchased a new position in Meta Platforms during the 3rd quarter worth $61,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Meta Platforms
In related news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $565.30, for a total value of $511,596.50. Following the completion of the transaction, the insider now owns 37,790 shares in the company, valued at $21,362,687. The trade was a 2.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 810,217 shares of company stock worth $523,808,864. Insiders own 13.71% of the company’s stock.
Meta Platforms Stock Performance
NASDAQ META opened at $683.62 on Friday. The stock has a 50-day simple moving average of $647.09 and a two-hundred day simple moving average of $591.24. The firm has a market capitalization of $1.73 trillion, a P/E ratio of 28.58, a PEG ratio of 1.42 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. 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 (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share 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 last year, the company posted $5.33 earnings per share. On average, equities analysts forecast 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.31%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.
Wall Street Analyst Weigh In
Several research firms have commented on META. Mizuho raised their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Monness Crespi & Hardt raised their price objective on Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Scotiabank raised their price objective on Meta Platforms from $583.00 to $627.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Wells Fargo & Company increased their target price on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets increased their target price on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $719.26.
Check Out Our Latest Stock Report on META
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.
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Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
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