Steigerwald Gordon & Koch Inc. increased its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,680 shares of the social networking company’s stock after acquiring an additional 17 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Meta Platforms were worth $1,569,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. JDM Financial Group LLC purchased a new stake in Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms during the 3rd quarter valued at about $36,000. Avondale Wealth Management acquired a new position in Meta Platforms in the 4th quarter valued at about $41,000. Halpern Financial Inc. purchased a new stake in Meta Platforms during the third quarter worth about $46,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Meta Platforms during the third quarter worth about $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Insiders Place Their Bets
In other news, insider Jennifer Newstead sold 905 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $631.55, for a total value of $571,552.75. Following the sale, the insider now directly owns 32,010 shares in the company, valued at $20,215,915.50. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Friday, January 17th. The stock was 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. Over the last ninety days, insiders have sold 531,190 shares of company stock worth $322,938,501. 13.71% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Stock Report on META
Meta Platforms Stock Up 0.6 %
Meta Platforms stock opened at $616.46 on Wednesday. Meta Platforms, Inc. has a 1-year low of $381.16 and a 1-year high of $638.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The stock’s 50 day moving average price is $598.00 and its 200 day moving average price is $558.31. The company has a market cap of $1.56 trillion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly 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. The business had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, sell-side analysts predict that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal 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 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 0.32%. 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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