Householder Group Estate & Retirement Specialist LLC lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 80.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 397 shares of the social networking company's stock after selling 1,623 shares during the period. Householder Group Estate & Retirement Specialist LLC's holdings in Meta Platforms were worth $232,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Lindenwold Advisors INC lifted its holdings in Meta Platforms by 0.3% during the third quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company's stock valued at $3,388,000 after purchasing an additional 17 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in Meta Platforms by 1.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company's stock valued at $625,000 after buying an additional 17 shares in the last quarter. Central Valley Advisors LLC lifted its stake in Meta Platforms by 0.3% in the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company's stock valued at $3,271,000 after buying an additional 18 shares in the last quarter. Cherrydale Wealth Management LLC increased its stake in Meta Platforms by 0.5% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company's stock worth $2,199,000 after buying an additional 18 shares in the last quarter. Finally, Alliance Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 0.7% during the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company's stock valued at $1,595,000 after acquiring an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
Insider Buying and Selling
In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total transaction of $21,838,890.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 8,951 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the completion of the sale, the chief financial officer now directly owns 51,591 shares in the company, valued at $29,776,261.56. This trade represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 496,174 shares of company stock worth $301,408,499 in the last quarter. Company insiders own 13.71% of the company's stock.
Meta Platforms Price Performance
META stock traded up $1.47 on Friday, reaching $612.77. 17,239,131 shares of the company's stock were exchanged, compared to its average volume of 10,812,479. The stock has a fifty day moving average of $596.78 and a 200-day moving average of $557.04. The firm has a market cap of $1.55 trillion, a PE ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a twelve month low of $370.95 and a twelve month high of $638.40.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, equities analysts predict that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms's dividend payout ratio (DPR) is 9.42%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $660.00 to $725.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Needham & Company LLC reiterated an "underperform" rating on shares of Meta Platforms in a research report on Thursday, October 31st. Truist Financial boosted their price target on shares of Meta Platforms from $650.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. JMP Securities increased their price objective on shares of Meta Platforms from $660.00 to $750.00 and gave the company a "market outperform" rating in a report on Thursday, January 2nd. Finally, Morgan Stanley boosted their target price on Meta Platforms from $600.00 to $660.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $650.05.
Read Our Latest Stock Report on META
Meta Platforms Profile
(
Free Report)
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.
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