Meta Platforms, Inc. (NASDAQ:META) is Commons Capital LLC’s 8th Largest Position

Commons Capital LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,251 shares of the social networking company’s stock after buying an additional 110 shares during the quarter. Meta Platforms comprises 2.8% of Commons Capital LLC’s portfolio, making the stock its 8th largest holding. Commons Capital LLC’s holdings in Meta Platforms were worth $3,075,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new stake in Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at $36,000. Avondale Wealth Management purchased a new position in Meta Platforms in the fourth quarter valued at $41,000. Halpern Financial Inc. acquired a new position in Meta Platforms during the 3rd quarter worth $46,000. Finally, West Financial Advisors LLC purchased a new stake in Meta Platforms during the 3rd quarter worth about $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In other news, insider Nicholas Clegg sold 7,296 shares of Meta Platforms stock in a transaction on Monday, November 18th. The stock was sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the completion of the transaction, the insider now owns 38,695 shares of the company’s stock, valued at $21,416,908.60. The trade was a 15.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $626.80, for a total transaction of $22,515,282.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 568,016 shares of company stock valued at $346,031,180. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $647.49 on Friday. 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 $385.66 and a 12-month high of $652.00. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 1.18 and a beta of 1.19. The stock has a 50 day simple moving average of $601.93 and a 200-day simple moving average of $560.12.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, equities analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.31%. Meta Platforms’s payout ratio is currently 9.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wolfe Research boosted their price objective on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a research report on Thursday, October 31st. Scotiabank decreased their price objective on shares of Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. Piper Sandler increased their target price on Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Roth Mkm upped their price objective on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $654.20.

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.