Brady Martz Wealth Solutions LLC bought a new stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,976 shares of the social networking company’s stock, valued at approximately $1,768,000.
A number of other large investors also recently added to or reduced their stakes in META. International Assets Investment Management LLC lifted its stake in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after acquiring an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Meta Platforms by 61,769.3% during the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after purchasing an additional 4,126,190 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after purchasing an additional 890,434 shares during the period. Geode Capital Management LLC grew its holdings in shares of Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Meta Platforms by 926.6% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company’s stock worth $369,774,000 after buying an additional 661,923 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Meta Platforms
In other news, CFO Susan J. Li sold 18,644 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.55, for a total transaction of $10,320,386.20. Following the sale, the chief financial officer now owns 46,769 shares of the company’s stock, valued at $25,888,979.95. The trade was a 28.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $613.85, for a total value of $22,050,105.85. The disclosure for this sale can be found here. Insiders have sold a total of 531,190 shares of company stock valued at $322,938,501 in the last ninety days. 13.71% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Research Report on META
Meta Platforms Stock Up 0.6 %
Shares of NASDAQ:META opened at $616.46 on Wednesday. The company has a market cap of $1.56 trillion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.16 and a beta of 1.19. Meta Platforms, Inc. has a fifty-two week low of $381.16 and a fifty-two week high of $638.40. The firm’s 50-day simple moving average is $598.00 and its 200-day simple moving average is $558.31. 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 released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, equities research analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.
Meta Platforms Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 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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