Tucker Asset Management LLC Has $234,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

Tucker Asset Management LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 399 shares of the social networking company’s stock after buying an additional 85 shares during the period. Tucker Asset Management LLC’s holdings in Meta Platforms were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of META. JDM Financial Group LLC acquired a new stake in Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms in the third quarter worth $36,000. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth $40,000. Avondale Wealth Management acquired a new position in Meta Platforms during the 4th quarter worth $41,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms in the fourth quarter valued at $43,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 4.3 %

Shares of Meta Platforms stock opened at $576.74 on Friday. The firm has a market capitalization of $1.46 trillion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. 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 firm’s 50 day moving average is $655.23 and its 200 day moving average is $608.48. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 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 posted $5.33 EPS. Equities research analysts forecast 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 issued a dividend of $0.525 per share. The ex-dividend date was Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is currently 8.78%.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 921 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $627.05, for a total transaction of $577,513.05. Following the completion of the sale, the insider now directly owns 31,182 shares of the company’s stock, valued at approximately $19,552,673.10. This trade represents a 2.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher K. Cox sold 20,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $677.71, for a total value of $13,554,200.00. Following the completion of the transaction, the insider now owns 308,686 shares of the company’s stock, valued at $209,199,589.06. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 584,823 shares of company stock valued at $386,274,777. 13.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

META has been the topic of several recent research reports. Raymond James reiterated a “strong-buy” rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Argus set a $775.00 target price on Meta Platforms in a research report on Tuesday, February 4th. Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a report on Monday, January 27th. Finally, Pivotal Research raised their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $718.31.

About Meta Platforms

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.