Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,819 shares of the social networking company’s stock after selling 199 shares during the quarter. Meta Platforms makes up approximately 6.6% of Quantum Private Wealth LLC’s portfolio, making the stock its 4th largest position. Quantum Private Wealth LLC’s holdings in Meta Platforms were worth $15,864,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Stone House Investment Management LLC lifted its stake in Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in Meta Platforms in the fourth quarter valued at approximately $26,000. Stephens Investment Management Group LLC acquired a new stake in Meta Platforms in the second quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC lifted its stake in Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the last quarter. Finally, PayPay Securities Corp raised its position in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 43 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $381.77, for a total transaction of $7,513,615.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 566 shares of Meta Platforms stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $385.00, for a total transaction of $217,910.00. Following the completion of the sale, the insider now owns 35,286 shares in the company, valued at $13,585,110. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,439,788 shares of company stock worth $684,542,792. Company insiders own 14.03% of the company’s stock.

Meta Platforms Trading Down 1.5 %

Shares of NASDAQ:META traded down $7.28 during mid-day trading on Wednesday, reaching $492.48. The stock had a trading volume of 3,793,059 shares, compared to its average volume of 16,961,160. The firm has a market cap of $1.26 trillion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The firm has a 50 day simple moving average of $493.16 and a two-hundred day simple moving average of $396.01. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a twelve month low of $207.13 and a twelve month high of $531.49.

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

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.41%. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. Robert W. Baird lifted their price target on shares of Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Oppenheimer lifted their price target on shares of Meta Platforms from $525.00 to $585.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. JMP Securities lifted their price target on shares of Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Jefferies Financial Group lifted their price target on shares of Meta Platforms from $550.00 to $585.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Monness Crespi & Hardt lifted their price target on shares of Meta Platforms from $370.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $509.28.

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.