MFA Wealth Services purchased a new position in Meta Platforms, Inc. (NASDAQ:META – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 820 shares of the social networking company’s stock, valued at approximately $480,000.
Other large investors have also modified their holdings of the company. JDM Financial Group LLC purchased a new stake in Meta Platforms during the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms during the third quarter worth approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $41,000. Halpern Financial Inc. purchased a new position in Meta Platforms in the third quarter worth approximately $46,000. Finally, West Financial Advisors LLC acquired a new position in Meta Platforms during the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Insider Buying and Selling at Meta Platforms
In other news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $644.76, for a total value of $23,160,423.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Aaron Anderson sold 731 shares of the firm’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 $407,167.00. Following the transaction, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 603,032 shares of company stock valued at $368,666,614. Insiders own 13.71% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Analysis on META
Meta Platforms Stock Performance
Shares of META opened at $659.88 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 52-week low of $387.10 and a 52-week high of $663.87. The company has a 50-day simple moving average of $604.04 and a 200-day simple moving average of $561.55. The company has a market capitalization of $1.67 trillion, a PE ratio of 31.08, a P/E/G ratio of 1.18 and a beta of 1.19.
Meta Platforms (NASDAQ:META – Get Free Report) last issued 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. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Equities research analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.30%. Meta Platforms’s dividend payout ratio is presently 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.
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