Coldstream Capital Management Inc. Purchases 1,216 Shares of Meta Platforms, Inc. (NASDAQ:META)

Coldstream Capital Management Inc. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,716 shares of the social networking company's stock after buying an additional 1,216 shares during the quarter. Meta Platforms makes up about 0.8% of Coldstream Capital Management Inc.'s holdings, making the stock its 20th largest position. Coldstream Capital Management Inc.'s holdings in Meta Platforms were worth $38,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UP Strategic Wealth Investment Advisors LLC raised its position in shares of Meta Platforms by 64.8% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 1,579 shares of the social networking company's stock worth $925,000 after acquiring an additional 621 shares in the last quarter. Three Seasons Wealth LLC purchased a new position in Meta Platforms in the fourth quarter valued at approximately $725,000. Voya Financial Advisors Inc. raised its holdings in Meta Platforms by 5.0% during the fourth quarter. Voya Financial Advisors Inc. now owns 9,214 shares of the social networking company's stock worth $5,448,000 after purchasing an additional 441 shares in the last quarter. Knightsbridge Asset Management LLC lifted its position in shares of Meta Platforms by 7.8% during the 4th quarter. Knightsbridge Asset Management LLC now owns 1,678 shares of the social networking company's stock worth $982,000 after buying an additional 121 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Meta Platforms by 6.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 652,767 shares of the social networking company's stock valued at $382,202,000 after buying an additional 39,752 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of NASDAQ META traded up $14.12 during midday trading on Friday, reaching $547.27. 17,064,639 shares of the company traded hands, compared to its average volume of 14,374,342. The company has a market cap of $1.39 trillion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a 50-day moving average price of $587.00 and a 200 day moving average price of $604.68. Meta Platforms, Inc. has a 52 week low of $427.11 and a 52 week high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the company posted $5.33 earnings per share. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is 8.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on META shares. Roth Capital reissued a "buy" rating on shares of Meta Platforms in a research report on Tuesday, April 22nd. Jefferies Financial Group decreased their target price on Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Mizuho lifted their price target on Meta Platforms from $675.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Arete Research raised Meta Platforms to a "hold" rating in a report on Friday, January 24th. Finally, Robert W. Baird raised their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Two research 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $679.02.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the business's stock in a transaction on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the sale, the chief financial officer now directly owns 51,793 shares of the company's stock, valued at $38,154,349.31. The trade was a 14.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $488.18, for a total value of $296,813.44. Following the transaction, the chief operating officer now directly owns 5,622 shares in the company, valued at approximately $2,744,547.96. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 308,068 shares of company stock worth $214,968,924 in the last three months. 13.71% of the stock is currently owned by insiders.

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.