JTC Employer Solutions Trustee Ltd Has $3.86 Million Position in Meta Platforms, Inc. (NASDAQ:META)

JTC Employer Solutions Trustee Ltd increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 54.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,529 shares of the social networking company's stock after purchasing an additional 2,300 shares during the quarter. JTC Employer Solutions Trustee Ltd's holdings in Meta Platforms were worth $3,858,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the 3rd quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new position in shares of Meta Platforms in the third quarter valued at approximately $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $41,000. Halpern Financial Inc. bought a new position in Meta Platforms in the 3rd quarter valued at $46,000. Finally, West Financial Advisors LLC acquired a new position in Meta Platforms in the third quarter worth $49,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $580.65, for a total value of $239,808.45. Following the transaction, the chief operating officer now directly owns 11,120 shares of the company's stock, valued at $6,456,828. This represents a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $633.25, for a total value of $22,746,973.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,357 shares of company stock valued at $249,545,428. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Down 1.2 %

NASDAQ:META traded down $7.53 on Monday, hitting $608.33. 10,689,196 shares of the company's stock were exchanged, compared to its average volume of 12,968,361. The firm has a 50-day moving average price of $593.63 and a 200-day moving average price of $553.55. Meta Platforms, Inc. has a 52 week low of $358.61 and a 52 week high of $638.40. 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 cap of $1.54 trillion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. As a group, analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms's payout ratio is presently 9.42%.

Analyst Ratings Changes

A number of research firms recently issued reports on META. Raymond James reaffirmed a "strong-buy" rating and issued a $675.00 price target on shares of Meta Platforms in a report on Monday, November 25th. Robert W. Baird increased their price target on shares of Meta Platforms from $605.00 to $630.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Bank of America boosted their price objective on shares of Meta Platforms from $630.00 to $660.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased 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. Finally, Susquehanna upped their price target on Meta Platforms from $600.00 to $675.00 and gave the company a "positive" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $650.05.

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.