Meta Platforms, Inc. (NASDAQ:META) Shares Sold by TrueWealth Advisors LLC

TrueWealth Advisors LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 596 shares of the social networking company's stock after selling 484 shares during the period. TrueWealth Advisors LLC's holdings in Meta Platforms were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of META. JDM Financial Group LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the 3rd quarter worth approximately $36,000. Avondale Wealth Management purchased a new position in Meta Platforms in the 4th quarter worth approximately $41,000. Halpern Financial Inc. purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $46,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $49,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction on Friday, October 25th. The shares were sold at an average price of $574.16, for a total value of $237,128.08. Following the transaction, the chief operating officer now directly owns 10,707 shares in the company, valued at approximately $6,147,531.12. The trade was a 3.71 % 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, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $574.70, for a total transaction of $520,103.50. Following the sale, the insider now owns 32,387 shares of the company's stock, valued at $18,612,808.90. This trade represents a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 496,174 shares of company stock worth $301,408,499 over the last 90 days. Corporate insiders own 13.71% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $1.47 during trading hours on Monday, reaching $612.77. 17,239,131 shares of the company's stock were exchanged, compared to its average volume of 10,812,479. Meta Platforms, Inc. has a 1 year low of $370.95 and a 1 year high of $638.40. 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. The business has a fifty day moving average of $596.78 and a two-hundred day moving average of $557.04. 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 (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, beating 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 return on equity of 35.60% and a net margin of 35.55%. As a group, research analysts predict that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business 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 yield of 0.33%. Meta Platforms's dividend payout ratio (DPR) is presently 9.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on META. Raymond James reiterated a "strong-buy" rating and set a $675.00 price target on shares of Meta Platforms in a report on Monday, November 25th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $670.00 price objective on shares of Meta Platforms in a research note on Wednesday, October 16th. Roth Mkm increased their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Robert W. Baird boosted their price target on Meta Platforms from $605.00 to $630.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their target price on Meta Platforms from $641.00 to $685.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target 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.