Tributary Capital Management LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,805 shares of the social networking company’s stock after buying an additional 30 shares during the quarter. Tributary Capital Management LLC’s holdings in Meta Platforms were worth $1,642,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindenwold Advisors INC increased its holdings in shares of Meta Platforms by 0.3% in the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock valued at $3,388,000 after purchasing an additional 17 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in Meta Platforms by 1.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock valued at $625,000 after buying an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Meta Platforms by 0.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock worth $1,569,000 after acquiring an additional 17 shares during the period. Central Valley Advisors LLC boosted its position in shares of Meta Platforms by 0.3% during the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after acquiring an additional 18 shares during the last quarter. Finally, Cherrydale Wealth Management LLC grew its holdings in shares of Meta Platforms by 0.5% in the third quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock valued at $2,199,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Insider Activity
In other news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $567.58, for a total transaction of $234,410.54. Following the completion of the sale, the chief operating officer now owns 10,294 shares in the company, valued at $5,842,668.52. This represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction on Friday, January 24th. The shares were sold at an average price of $644.76, for a total transaction of $23,160,423.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 602,612 shares of company stock valued at $368,414,542. Insiders own 13.71% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Meta Platforms
Meta Platforms Trading Up 2.2 %
NASDAQ:META opened at $674.33 on Wednesday. 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 $682.58. The stock’s 50 day moving average price is $606.30 and its 200 day moving average price is $562.78. The company has a market capitalization of $1.70 trillion, a PE ratio of 31.76, a P/E/G ratio of 1.18 and a beta of 1.19.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, research analysts anticipate that Meta Platforms, Inc. will post 22.96 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.30%. Meta Platforms’s dividend payout ratio is presently 9.42%.
About Meta Platforms
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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