Acorn Creek Capital LLC Buys 125 Shares of Meta Platforms, Inc. (NASDAQ:META)

Acorn Creek Capital LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,019 shares of the social networking company’s stock after purchasing an additional 125 shares during the period. Meta Platforms accounts for about 0.6% of Acorn Creek Capital LLC’s investment portfolio, making the stock its 19th biggest holding. Acorn Creek Capital LLC’s holdings in Meta Platforms were worth $1,182,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. Lindenwold Advisors INC raised its position in shares of Meta Platforms by 0.3% during the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock valued at $3,388,000 after buying an additional 17 shares in the last quarter. Insight Wealth Strategies LLC raised its position in Meta Platforms by 1.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock valued at $625,000 after purchasing an additional 17 shares during the period. Steigerwald Gordon & Koch Inc. lifted its stake in shares of Meta Platforms by 0.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 17 shares during the last quarter. Central Valley Advisors LLC increased its position in shares of Meta Platforms by 0.3% during the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after purchasing an additional 18 shares during the last quarter. Finally, Cherrydale Wealth Management LLC raised its stake in shares of Meta Platforms by 0.5% in the third quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock valued at $2,199,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 0.3 %

NASDAQ META opened at $689.18 on Friday. The stock has a market cap of $1.74 trillion, a P/E ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 12-month low of $387.10 and a 12-month high of $710.79. The company has a fifty day simple moving average of $613.60 and a two-hundred day simple moving average of $565.78.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results 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 39.74% and a net margin of 37.91%. During the same quarter in the previous year, the company posted $5.33 earnings per share. On average, analysts forecast that Meta Platforms, Inc. will post 25.44 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $666.00, for a total transaction of $602,730.00. Following the completion of the transaction, the insider now owns 29,295 shares in the company, valued at approximately $19,510,470. This trade represents a 3.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total value of $24,195,307.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 661,804 shares of company stock valued at $407,745,741. 13.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on META. Bank of America raised their price objective on shares of Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen boosted their price objective on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Hsbc Global Res upgraded Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Citigroup upped their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Oppenheimer lifted their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $706.76.

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.