Legacy Financial Group LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 392 shares of the social networking company’s stock, valued at approximately $230,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Meta Platforms by 8.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 83,468 shares of the social networking company’s stock worth $48,871,000 after purchasing an additional 6,166 shares during the period. OLIO Financial Planning acquired a new stake in Meta Platforms in the 4th quarter worth about $319,000. 1834 Investment Advisors Co. increased its stake in shares of Meta Platforms by 0.8% during the 4th quarter. 1834 Investment Advisors Co. now owns 3,036 shares of the social networking company’s stock valued at $1,778,000 after acquiring an additional 25 shares during the last quarter. Novare Capital Management LLC lifted its holdings in shares of Meta Platforms by 2.9% during the 4th quarter. Novare Capital Management LLC now owns 17,953 shares of the social networking company’s stock worth $10,512,000 after acquiring an additional 498 shares during the period. Finally, MKT Advisors LLC boosted its position in shares of Meta Platforms by 9.2% in the fourth quarter. MKT Advisors LLC now owns 769 shares of the social networking company’s stock worth $471,000 after acquiring an additional 65 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Meta Platforms
In other news, COO Javier Olivan sold 413 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $627.59, for a total value of $259,194.67. Following the completion of the transaction, the chief operating officer now owns 15,862 shares of the company’s stock, valued at approximately $9,954,832.58. This represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $673.57, for a total transaction of $24,195,307.97. The disclosure for this sale can be found here. Insiders sold 661,312 shares of company stock valued at $407,377,422 in the last ninety days. Company insiders own 13.71% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Meta Platforms
Meta Platforms Stock Performance
Shares of META stock opened at $676.49 on Thursday. The company has a market cap of $1.71 trillion, a P/E ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19. The business has a 50 day moving average of $608.52 and a two-hundred day moving average of $563.58. Meta Platforms, Inc. has a 52 week low of $387.10 and a 52 week high of $682.58. 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 (NASDAQ:META – Get Free Report) last issued its quarterly earnings data 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 return on equity of 35.60% and a net margin of 35.55%. During the same quarter in the prior year, the company posted $5.33 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 22.96 EPS for the current year.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. 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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