Global Trust Asset Management LLC Acquires 151 Shares of Meta Platforms, Inc. (NASDAQ:META)

Global Trust Asset Management LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,831 shares of the social networking company’s stock after buying an additional 151 shares during the quarter. Global Trust Asset Management LLC’s holdings in Meta Platforms were worth $1,658,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of META. Fiera Capital Corp lifted its holdings in Meta Platforms by 35.1% in the 2nd quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after purchasing an additional 7,089 shares during the last quarter. DSM Capital Partners LLC lifted its stake in shares of Meta Platforms by 8.2% in the second quarter. DSM Capital Partners LLC now owns 716,701 shares of the social networking company’s stock worth $361,375,000 after buying an additional 54,084 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 12.9% during the 2nd quarter. Daymark Wealth Partners LLC now owns 11,750 shares of the social networking company’s stock worth $5,925,000 after buying an additional 1,347 shares during the period. MBB Public Markets I LLC grew its stake in Meta Platforms by 589.3% in the 2nd quarter. MBB Public Markets I LLC now owns 199,101 shares of the social networking company’s stock valued at $100,391,000 after buying an additional 170,218 shares during the last quarter. Finally, Maverick Capital Ltd. raised its holdings in Meta Platforms by 93.3% in the 2nd quarter. Maverick Capital Ltd. now owns 295,212 shares of the social networking company’s stock worth $148,852,000 after acquiring an additional 142,523 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Price Performance

Shares of META stock opened at $647.49 on Friday. Meta Platforms, Inc. has a 1 year low of $385.66 and a 1 year high of $652.00. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $601.93 and its 200-day moving average is $560.12. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.18 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion during 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%. Sell-side analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is 9.42%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wolfe Research upped their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Cantor Fitzgerald decreased their target price on Meta Platforms from $730.00 to $720.00 and set an “overweight” rating for the company in a research note on Wednesday. BMO Capital Markets lifted their price target on Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Pivotal Research upped their price target on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wedbush restated an “outperform” rating and issued a $700.00 price objective (up previously from $680.00) on shares of Meta Platforms in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $654.20.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $633.25, for a total transaction of $22,746,973.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 413 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $567.58, for a total value of $234,410.54. Following the completion of the transaction, the chief operating officer now directly owns 10,294 shares in the company, valued at $5,842,668.52. The trade was a 3.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 568,016 shares of company stock worth $346,031,180 over the last three months. 13.71% of the stock is currently owned by company insiders.

Meta Platforms 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.