Kathmere Capital Management LLC Increases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Kathmere Capital Management LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,808 shares of the social networking company’s stock after purchasing an additional 515 shares during the quarter. Kathmere Capital Management LLC’s holdings in Meta Platforms were worth $2,230,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. JDM Financial Group LLC bought a new position in Meta Platforms in the third quarter worth about $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the 3rd quarter worth approximately $36,000. Avondale Wealth Management bought a new position in shares of Meta Platforms in the 4th quarter worth approximately $41,000. Halpern Financial Inc. purchased a new position in shares of Meta Platforms in the 3rd quarter valued at approximately $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms during the third quarter valued at approximately $49,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $631.55, for a total value of $571,552.75. Following the sale, the insider now directly owns 32,010 shares in the company, valued at approximately $20,215,915.50. The trade was a 2.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $616.16, for a total transaction of $22,133,083.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 495,682 shares of company stock valued at $301,101,199. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research report on Monday, October 14th. UBS Group boosted their price objective on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Thursday, October 31st. JMP Securities boosted their price target on Meta Platforms from $660.00 to $750.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 2nd. Finally, BMO Capital Markets raised their price objective on Meta Platforms from $525.00 to $530.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $650.05.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $617.12 on Thursday. The firm’s 50 day simple moving average is $595.02 and its two-hundred day simple moving average is $554.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market capitalization of $1.56 trillion, a P/E ratio of 29.07, a P/E/G ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a 1-year low of $358.61 and a 1-year high of $638.40.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate 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 net margin of 35.55% and a return on equity of 35.60%. Research analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

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.