Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Invesco LLC

Invesco LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,202 shares of the social networking company’s stock after selling 108 shares during the period. Invesco LLC’s holdings in Meta Platforms were worth $1,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of META. Stone House Investment Management LLC raised its stake in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Gilfoyle & Co LLC acquired a new stake in Meta Platforms during the 4th quarter worth $39,000. Cranbrook Wealth Management LLC raised its stake in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Beaird Harris Wealth Management LLC raised its stake in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares in the last quarter. Finally, Stephens Investment Management Group LLC acquired a new stake in Meta Platforms during the 2nd quarter worth $30,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 2.3 %

META stock opened at $500.23 on Tuesday. The company’s 50 day simple moving average is $492.26 and its 200-day simple moving average is $394.61. The firm has a market capitalization of $1.28 trillion, a PE ratio of 33.57, a P/E/G ratio of 1.31 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $207.13 and a 12 month high of $531.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating the consensus estimate of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.00 earnings per share. Equities analysts expect that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is presently 13.42%.

Analyst Ratings Changes

Several brokerages recently commented on META. Wolfe Research lifted their price target on shares of Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price target on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price target on shares of Meta Platforms from $500.00 to $555.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial upped their target price on shares of Meta Platforms from $405.00 to $525.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $507.28.

Insider Activity

In related news, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $364.99, for a total transaction of $7,183,368.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now directly owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Insiders have sold 1,459,469 shares of company stock worth $691,726,161 over the last ninety days. 14.03% of the stock is currently owned by insiders.

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.