Willow Creek Wealth Management Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 741 shares of the social networking company’s stock after purchasing an additional 59 shares during the period. Willow Creek Wealth Management Inc.’s holdings in Meta Platforms were worth $547,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms during the first quarter worth about $33,000. Evergreen Private Wealth LLC increased its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. increased its position in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares in the last quarter. 79.91% of the stock is owned by institutional investors.
Meta Platforms Stock Performance
Shares of META stock opened at $727.05 on Friday. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 26.32, a PEG ratio of 1.50 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $753.26 and its 200 day moving average is $673.93. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.
Meta Platforms Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.
Wall Street Analyst Weigh In
META has been the topic of several analyst reports. DA Davidson boosted their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and boosted their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Mizuho set a $925.00 price target on shares of Meta Platforms and gave the stock an “outperform” rating in a report on Monday. UBS Group boosted their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, JMP Securities boosted their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $830.02.
Read Our Latest Stock Report on META
Insider Activity at Meta Platforms
In related news, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24. Following the sale, the chief operating officer directly owned 10,026 shares in the company, valued at $7,506,666.72. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,182 shares of company stock worth $164,955,168. 13.61% of the stock is owned by corporate insiders.
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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