Certuity LLC Increases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Certuity LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,648 shares of the social networking company’s stock after purchasing an additional 787 shares during the quarter. Certuity LLC’s holdings in Meta Platforms were worth $3,687,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of META. Addison Advisors LLC boosted its holdings in shares of Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after acquiring an additional 25 shares in the last quarter. WoodTrust Financial Corp increased its position in Meta Platforms by 1.8% during the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after purchasing an additional 27 shares during the period. Tennessee Valley Asset Management Partners raised its stake in shares of Meta Platforms by 0.6% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after buying an additional 27 shares in the last quarter. Peterson Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 1.9% in the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after buying an additional 28 shares during the period. Finally, Edge Wealth Management LLC boosted its stake in shares of Meta Platforms by 4.0% in the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after buying an additional 28 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 0.3 %

Shares of NASDAQ META traded down $1.22 on Tuesday, hitting $431.40. The company had a trading volume of 12,042,517 shares, compared to its average volume of 18,350,379. 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. The firm has a market capitalization of $1.10 trillion, a P/E ratio of 25.08, a PEG ratio of 1.15 and a beta of 1.20. The business has a 50 day moving average of $493.66 and a two-hundred day moving average of $406.15.

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

Meta Platforms Dividend Announcement

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

Insider Transactions at Meta Platforms

In related news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $393.85, for a total value of $7,751,361.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 10,956 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares in the company, valued at $36,157,645.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,276,482 shares of company stock valued at $620,451,095. 13.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on META. Piper Sandler reiterated an “overweight” rating and issued a $545.00 price objective (down previously from $600.00) on shares of Meta Platforms in a research note on Thursday, April 25th. Susquehanna lifted their price objective on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Mizuho boosted their target price on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Benchmark restated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Finally, Truist Financial dropped their price objective on shares of Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $509.18.

Meta Platforms Company 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.