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

Coldstream Capital Management Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,716 shares of the social networking company's stock after acquiring an additional 1,216 shares during the quarter. Meta Platforms makes up approximately 0.8% of Coldstream Capital Management Inc.'s investment portfolio, making the stock its 20th largest position. Coldstream Capital Management Inc.'s holdings in Meta Platforms were worth $38,477,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in META. Millstone Evans Group LLC bought a new position in Meta Platforms during the 4th quarter worth $40,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the fourth quarter worth approximately $41,000. WealthTrak Capital Management LLC bought a new stake in Meta Platforms in the fourth quarter valued at approximately $43,000. Cordant Inc. acquired a new stake in Meta Platforms during the 4th quarter valued at approximately $59,000. Finally, Conquis Financial LLC bought a new position in Meta Platforms during the 4th quarter worth approximately $59,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

META has been the subject of a number of analyst reports. JMP Securities reissued a "market outperform" rating and set a $750.00 target price on shares of Meta Platforms in a research note on Wednesday. Royal Bank of Canada boosted their price objective on Meta Platforms from $700.00 to $800.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. DA Davidson lowered their target price on Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a report on Monday, April 14th. Raymond James reiterated a "strong-buy" rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $811.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Two 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 given a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus target price of $681.95.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $17.36 during midday trading on Wednesday, reaching $537.08. 9,047,780 shares of the company traded hands, compared to its average volume of 14,320,713. Meta Platforms, Inc. has a 12 month low of $427.11 and a 12 month high of $740.91. The firm's fifty day moving average price is $581.11 and its two-hundred day moving average price is $604.05. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business posted $5.33 earnings per share. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a $0.525 dividend. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms's dividend payout ratio is currently 8.78%.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 406 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $491.69, for a total transaction of $199,626.14. Following the transaction, the chief operating officer now directly owns 4,608 shares of the company's stock, valued at approximately $2,265,707.52. This trade represents a 8.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Susan J. Li sold 8,553 shares of Meta Platforms stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $6,300,738.51. Following the completion of the transaction, the chief financial officer now owns 51,793 shares in the company, valued at approximately $38,154,349.31. The trade was a 14.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 248,463 shares of company stock valued at $175,403,314 in the last 90 days. Corporate insiders own 13.71% of the company's stock.

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.