B & T Capital Management DBA Alpha Capital Management Reduces Position in Meta Platforms, Inc. (NASDAQ:META)

B & T Capital Management DBA Alpha Capital Management lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,004 shares of the social networking company's stock after selling 754 shares during the quarter. Meta Platforms accounts for 1.6% of B & T Capital Management DBA Alpha Capital Management's portfolio, making the stock its 18th biggest position. B & T Capital Management DBA Alpha Capital Management's holdings in Meta Platforms were worth $8,785,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in META. Folger Nolan Fleming Douglas Capital Management Inc. grew its position in shares of Meta Platforms by 13.0% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 10,671 shares of the social networking company's stock worth $6,248,000 after buying an additional 1,227 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Meta Platforms in the fourth quarter worth $168,000. Brooklyn Investment Group boosted its holdings in Meta Platforms by 4.1% in the fourth quarter. Brooklyn Investment Group now owns 9,222 shares of the social networking company's stock valued at $5,399,000 after acquiring an additional 360 shares in the last quarter. Defined Wealth Management LLC increased its position in Meta Platforms by 5.7% during the 4th quarter. Defined Wealth Management LLC now owns 645 shares of the social networking company's stock valued at $378,000 after purchasing an additional 35 shares during the period. Finally, Sax Wealth Advisors LLC raised its holdings in Meta Platforms by 12.4% in the 4th quarter. Sax Wealth Advisors LLC now owns 4,712 shares of the social networking company's stock worth $2,759,000 after purchasing an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, CAO Aaron Anderson sold 731 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares of the company's stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 35,921 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $633.25, for a total transaction of $22,746,973.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 496,174 shares of company stock valued at $301,408,499. Corporate insiders own 13.71% of the company's stock.

Meta Platforms Price Performance

META stock traded up $1.47 during trading on Monday, reaching $612.77. The company's stock had a trading volume of 17,239,131 shares, compared to its average volume of 10,812,479. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company's fifty day moving average is $596.78 and its 200-day moving average is $557.04. The company has a market capitalization of $1.55 trillion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. Meta Platforms, Inc. has a 1 year low of $370.95 and a 1 year high of $638.40.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The firm had revenue of $40.59 billion during the quarter, compared to analysts' expectations of $40.21 billion. On average, research analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. Meta Platforms's dividend payout ratio is 9.42%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on META. The Goldman Sachs Group boosted their price target on shares of Meta Platforms from $555.00 to $636.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Roth Mkm increased their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Raymond James reiterated a "strong-buy" rating and issued a $675.00 target price on shares of Meta Platforms in a research note on Monday, November 25th. Wedbush boosted their price objective on shares of Meta Platforms from $640.00 to $680.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated an "underperform" rating on shares of Meta Platforms in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average target price of $650.05.

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.