Clear Creek Financial Management LLC Grows Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Clear Creek Financial Management LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,833 shares of the social networking company’s stock after buying an additional 200 shares during the period. Clear Creek Financial Management LLC’s holdings in Meta Platforms were worth $2,244,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Lindenwold Advisors INC boosted its holdings in Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after buying an additional 17 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Meta Platforms by 1.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after buying an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in Meta Platforms by 0.6% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock worth $1,569,000 after buying an additional 17 shares in the last quarter. Cherrydale Wealth Management LLC boosted its holdings in Meta Platforms by 0.5% during the third quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock worth $2,199,000 after buying an additional 18 shares in the last quarter. Finally, Alliance Wealth Advisors LLC increased its holdings in Meta Platforms by 0.7% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock worth $1,595,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price target on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. UBS Group boosted their price target on shares of Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Pivotal Research boosted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets boosted their price target on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Finally, Wedbush restated an “outperform” rating and issued a $770.00 price objective (up previously from $700.00) on shares of Meta Platforms in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $710.83.

Meta Platforms Price Performance

META stock opened at $704.19 on Wednesday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.78 trillion, a PE ratio of 29.44, a P/E/G ratio of 1.47 and a beta of 1.20. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $710.79. The business’s fifty day moving average price is $618.86 and its 200 day moving average price is $570.21.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period last year, the firm earned $5.33 earnings per share. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 25.94 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 12,975 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $696.39, for a total value of $9,035,660.25. Following the transaction, the chief executive officer now owns 210,971 shares of the company’s stock, valued at $146,918,094.69. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $666.00, for a total value of $602,730.00. Following the completion of the transaction, the insider now directly owns 29,295 shares in the company, valued at $19,510,470. This trade represents a 3.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 673,878 shares of company stock worth $416,269,904. Company insiders own 13.71% of the company’s stock.

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.