Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Lessened by FCF Advisors LLC

FCF Advisors LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 44.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,622 shares of the social networking company's stock after selling 9,440 shares during the quarter. Meta Platforms makes up 1.5% of FCF Advisors LLC's portfolio, making the stock its 12th biggest holding. FCF Advisors LLC's holdings in Meta Platforms were worth $6,653,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in META. Capital Research Global Investors boosted its holdings in Meta Platforms by 14.5% in the first 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 acquiring an additional 4,379,826 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company's stock valued at $65,960,215,000 after purchasing an additional 3,104,550 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Meta Platforms by 24.7% during the 1st quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking company's stock worth $6,733,731,000 after purchasing an additional 2,748,620 shares during the period. Sustainable Growth Advisers LP acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $595,152,000. Finally, Global Assets Advisory LLC purchased a new position in Meta Platforms in the first quarter valued at approximately $515,383,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $578.55, for a total value of $523,587.75. Following the completion of the sale, the insider now owns 35,102 shares of the company's stock, valued at $20,308,262.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jennifer Newstead sold 905 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $578.55, for a total transaction of $523,587.75. Following the sale, the insider now owns 35,102 shares of the company's stock, valued at $20,308,262.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 5,057 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total value of $2,663,825.32. Following the transaction, the chief technology officer now directly owns 11,990 shares of the company's stock, valued at approximately $6,315,852.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 282,621 shares of company stock valued at $148,657,449. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

Shares of Meta Platforms stock traded up $8.11 during trading on Tuesday, hitting $592.89. 7,837,597 shares of the stock were exchanged, compared to its average volume of 15,465,086. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. Meta Platforms, Inc. has a 12 month low of $279.40 and a 12 month high of $602.95. The stock's fifty day moving average is $529.45 and its 200 day moving average is $503.17. The stock has a market cap of $1.50 trillion, a PE ratio of 34.05, a P/E/G ratio of 1.39 and a beta of 1.22.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analysts' expectations of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. Meta Platforms's quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.23 EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 21.36 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. Meta Platforms's dividend payout ratio (DPR) is presently 11.49%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on META. Roth Mkm boosted their price objective on shares of Meta Platforms from $510.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Jefferies Financial Group upped their price target on shares of Meta Platforms from $565.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Piper Sandler raised their price objective on Meta Platforms from $545.00 to $575.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Cantor Fitzgerald restated an "overweight" rating and set a $660.00 price objective on shares of Meta Platforms in a research note on Monday. Finally, Stifel Nicolaus increased their target price on Meta Platforms from $550.00 to $590.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $601.08.

Meta Platforms Company 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.