GSA Capital Partners LLP Sells 2,207 Shares of Meta Platforms, Inc. (NASDAQ:META)

GSA Capital Partners LLP decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 39.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,376 shares of the social networking company's stock after selling 2,207 shares during the period. GSA Capital Partners LLP's holdings in Meta Platforms were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Meta Platforms by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company's stock valued at $90,891,055,000 after purchasing an additional 831,047 shares in the last quarter. Capital World Investors grew its position in Meta Platforms by 0.6% during the 1st quarter. Capital World Investors now owns 38,299,316 shares of the social networking company's stock worth $18,597,382,000 after purchasing an additional 244,803 shares in the last quarter. Capital Research Global Investors raised its stake in Meta Platforms by 14.5% during the 1st quarter. Capital Research Global Investors now owns 34,597,001 shares of the social networking company's stock valued at $16,799,612,000 after purchasing an additional 4,379,826 shares during the period. GQG Partners LLC lifted its holdings in shares of Meta Platforms by 3.1% in the first quarter. GQG Partners LLC now owns 11,497,335 shares of the social networking company's stock valued at $5,582,876,000 after purchasing an additional 342,742 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Meta Platforms by 57,001.5% during the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock valued at $5,447,975,000 after buying an additional 9,500,444 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on META. Evercore ISI raised their price objective on Meta Platforms from $550.00 to $600.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their target price on shares of Meta Platforms from $590.00 to $663.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Morgan Stanley upped their price target on shares of Meta Platforms from $550.00 to $575.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Loop Capital lifted their price objective on Meta Platforms from $550.00 to $575.00 and gave the company a "buy" rating in a research report on Tuesday, August 6th. Finally, KeyCorp raised their price target on Meta Platforms from $560.00 to $655.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $634.10.

Insider Activity

In related news, CEO Mark Zuckerberg sold 84 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $600.00, for a total transaction of $50,400.00. Following the sale, the chief executive officer now directly owns 518,424 shares in the company, valued at $311,054,400. This represents a 0.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Susan J. Li sold 33,018 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total value of $17,101,342.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,200 shares of company stock worth $84,533,106. Company insiders own 13.71% of the company's stock.

Meta Platforms Stock Performance

META traded down $9.26 on Friday, hitting $567.90. 1,891,995 shares of the stock traded hands, compared to its average volume of 14,993,838. Meta Platforms, Inc. has a 52 week low of $313.66 and a 52 week high of $602.95. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.43 trillion, a PE ratio of 27.19, a P/E/G ratio of 1.28 and a beta of 1.22. The business has a fifty day moving average price of $567.03 and a two-hundred day moving average price of $519.13.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating 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 company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. On average, research analysts predict that Meta Platforms, Inc. will post 22.53 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. Meta Platforms's dividend payout ratio is currently 9.42%.

About Meta Platforms

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.