Nisa Investment Advisors LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 709,785 shares of the social networking company's stock after selling 72,296 shares during the quarter. Meta Platforms comprises approximately 1.6% of Nisa Investment Advisors LLC's holdings, making the stock its 8th largest position. Nisa Investment Advisors LLC's holdings in Meta Platforms were worth $415,586,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of META. Fiera Capital Corp boosted its holdings in Meta Platforms by 35.1% in the 2nd quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company's stock valued at $13,751,000 after purchasing an additional 7,089 shares during the period. DSM Capital Partners LLC lifted its stake in shares of Meta Platforms by 8.2% in the second quarter. DSM Capital Partners LLC now owns 716,701 shares of the social networking company's stock valued at $361,375,000 after buying an additional 54,084 shares during the period. Daymark Wealth Partners LLC grew its position in Meta Platforms by 12.9% during the second quarter. Daymark Wealth Partners LLC now owns 11,750 shares of the social networking company's stock worth $5,925,000 after buying an additional 1,347 shares in the last quarter. MBB Public Markets I LLC increased its stake in Meta Platforms by 589.3% during the second quarter. MBB Public Markets I LLC now owns 199,101 shares of the social networking company's stock valued at $100,391,000 after acquiring an additional 170,218 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in Meta Platforms by 93.3% in the 2nd quarter. Maverick Capital Ltd. now owns 295,212 shares of the social networking company's stock valued at $148,852,000 after acquiring an additional 142,523 shares in the last quarter. 79.91% of the stock is owned by institutional investors.
Meta Platforms Trading Up 1.7 %
Shares of NASDAQ:META traded up $11.04 during trading on Friday, hitting $647.49. 19,039,689 shares of the company's stock were exchanged, compared to its average volume of 9,840,293. 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 cap of $1.63 trillion, a P/E ratio of 30.50, a PEG ratio of 1.18 and a beta of 1.19. The firm has a 50-day moving average price of $601.93 and a two-hundred day moving average price of $560.12. Meta Platforms, Inc. has a 1-year low of $385.66 and a 1-year high of $652.00.
Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts' consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion during 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%. Equities analysts predict that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.31%. Meta Platforms's dividend payout ratio is 9.42%.
Insider Buying and Selling
In related news, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now owns 3,414 shares of the company's stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $580.10, for a total transaction of $524,990.50. Following the completion of the sale, the insider now owns 31,482 shares in the company, valued at $18,262,708.20. This trade represents a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 568,016 shares of company stock valued at $346,031,180 in the last 90 days. 13.71% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
META has been the topic of several recent research reports. Scotiabank decreased their price objective on Meta Platforms from $585.00 to $583.00 and set a "sector perform" rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Meta Platforms from $660.00 to $725.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Raymond James increased their price objective on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "strong-buy" rating in a research note on Tuesday. KeyCorp lifted their target price on shares of Meta Platforms from $655.00 to $700.00 and gave the company an "overweight" rating in a research report on Friday, January 10th. Finally, Cantor Fitzgerald dropped their price target on shares of Meta Platforms from $730.00 to $720.00 and set an "overweight" rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $654.20.
View Our Latest Stock Report on META
About Meta Platforms
(
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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