Auxano Advisors LLC Has $909,000 Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Auxano Advisors LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,569 shares of the social networking company’s stock after purchasing an additional 212 shares during the quarter. Auxano Advisors LLC’s holdings in Meta Platforms were worth $909,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Certuity LLC lifted its holdings in shares of Meta Platforms by 8.0% during the fourth quarter. Certuity LLC now owns 10,648 shares of the social networking company’s stock worth $3,687,000 after buying an additional 787 shares in the last quarter. Norden Group LLC lifted its holdings in shares of Meta Platforms by 28.8% during the fourth quarter. Norden Group LLC now owns 4,514 shares of the social networking company’s stock worth $1,598,000 after buying an additional 1,010 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its holdings in shares of Meta Platforms by 7.8% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 5,400 shares of the social networking company’s stock worth $1,911,000 after buying an additional 390 shares in the last quarter. Cozad Asset Management Inc. lifted its holdings in shares of Meta Platforms by 1.3% during the fourth quarter. Cozad Asset Management Inc. now owns 7,728 shares of the social networking company’s stock worth $2,735,000 after buying an additional 101 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of Meta Platforms by 0.9% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 24,774 shares of the social networking company’s stock worth $8,769,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

META traded down $2.45 during trading on Tuesday, reaching $430.17. 17,706,258 shares of the company were exchanged, compared to its average volume of 18,419,975. The company’s 50-day moving average is $493.66 and its two-hundred day moving average is $406.15. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 1.15 and a beta of 1.20. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Research analysts forecast that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Insider Activity

In other news, CEO Mark Zuckerberg sold 34,398 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Mark Zuckerberg sold 34,398 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 552 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total value of $256,128.00. Following the transaction, the insider now owns 34,168 shares in the company, valued at $15,853,952. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,276,482 shares of company stock worth $620,451,095. 13.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Thursday, April 25th. Benchmark restated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Mizuho raised their price target on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Stifel Nicolaus lifted their target price on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $509.18.

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.