White Pine Capital LLC Has $500,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

White Pine Capital LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 44.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,413 shares of the social networking company’s stock after purchasing an additional 438 shares during the quarter. White Pine Capital LLC’s holdings in Meta Platforms were worth $500,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Addison Advisors LLC lifted its holdings in shares of Meta Platforms by 3.9% during the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after buying an additional 25 shares in the last quarter. WoodTrust Financial Corp lifted its holdings in shares of Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after buying an additional 27 shares in the last quarter. Tennessee Valley Asset Management Partners lifted its holdings in shares of Meta Platforms by 0.6% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after buying an additional 27 shares in the last quarter. Peterson Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 1.9% during the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after buying an additional 28 shares in the last quarter. Finally, Edge Wealth Management LLC lifted its holdings in shares of Meta Platforms by 4.0% during the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after buying an additional 28 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 10,956 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the completion of the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jennifer Newstead sold 585 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Susan J. Li sold 10,956 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $5,185,255.68. Following the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The disclosure for this sale can be found here. In the last three months, insiders sold 1,349,148 shares of company stock valued at $649,552,559. 13.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on Meta Platforms from $590.00 to $550.00 and set a “buy” rating for the company in a report on Thursday. Wedbush dropped their price target on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $550.00 price target on shares of Meta Platforms in a research note on Monday, April 22nd. Stifel Nicolaus boosted their price target on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Barclays dropped their price target on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $509.18.

Meta Platforms Stock Up 0.4 %

Shares of NASDAQ:META traded up $1.91 during trading on Friday, reaching $443.29. 32,645,619 shares of the stock were exchanged, compared to its average volume of 18,233,678. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.67. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49. The stock has a fifty day moving average of $494.48 and a two-hundred day moving average of $404.85. The firm has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Research analysts anticipate that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 11.49%.

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.