Novare Capital Management LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,953 shares of the social networking company’s stock after buying an additional 498 shares during the quarter. Novare Capital Management LLC’s holdings in Meta Platforms were worth $10,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of the stock. Ballentine Partners LLC lifted its stake in shares of Meta Platforms by 1.4% in the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after buying an additional 808 shares during the period. UMB Bank n.a. lifted its position in shares of Meta Platforms by 0.6% in the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after acquiring an additional 897 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after purchasing an additional 118,298 shares during the period. LS Investment Advisors LLC raised its stake in shares of Meta Platforms by 111.4% in the third quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock valued at $6,686,000 after purchasing an additional 6,155 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its position in Meta Platforms by 0.7% in the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock worth $5,573,000 after purchasing an additional 65 shares during the period. 79.91% of the stock is owned by institutional investors.
Meta Platforms Trading Up 0.3 %
Shares of NASDAQ META opened at $676.49 on Thursday. 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 twelve month low of $387.10 and a twelve month high of $682.58. The company’s fifty day moving average is $608.52 and its 200-day moving average is $563.58. The stock has a market cap of $1.71 trillion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.18 and a beta of 1.19.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is currently 9.42%.
Insider Transactions at Meta Platforms
In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 10,294 shares in the company, valued at approximately $5,842,668.52. This represents a 3.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aaron Anderson sold 731 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the transaction, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at $1,901,598. This represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 661,312 shares of company stock valued at $407,377,422 over the last quarter. Corporate insiders own 13.71% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Pivotal Research boosted their price target on shares of Meta Platforms from $780.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price target on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research note on Monday. KeyCorp increased their target price on Meta Platforms from $700.00 to $750.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Bank of America boosted their price target on Meta Platforms from $660.00 to $710.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $655.41.
Check Out Our Latest Research 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.
Featured Articles
- Five stocks we like better than Meta Platforms
- Using the MarketBeat Dividend Yield Calculator
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- High Flyers: 3 Natural Gas Stocks for March 2022
- 3 Steel Stocks Soaring After Tariff Announcements
- What Investors Need to Know About Upcoming IPOs
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
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).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.