Seizert Capital Partners LLC Has $48.06 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Seizert Capital Partners LLC decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,948 shares of the social networking company's stock after selling 12,223 shares during the quarter. Meta Platforms makes up 2.2% of Seizert Capital Partners LLC's investment portfolio, making the stock its 13th biggest holding. Seizert Capital Partners LLC's holdings in Meta Platforms were worth $48,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of META. International Assets Investment Management LLC lifted its position in Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock worth $5,447,975,000 after acquiring an additional 9,500,444 shares during the period. Capital Research Global Investors increased its stake in Meta Platforms by 14.5% in 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 in the last quarter. Sustainable Growth Advisers LP purchased a new position in Meta Platforms in the 2nd quarter valued at approximately $595,152,000. Canada Pension Plan Investment Board increased its position in Meta Platforms by 30.0% during the first quarter. Canada Pension Plan Investment Board now owns 3,411,009 shares of the social networking company's stock worth $1,656,318,000 after buying an additional 788,131 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Meta Platforms by 926.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company's stock worth $369,774,000 after buying an additional 661,923 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 620 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $345,340.00. Following the completion of the sale, the chief operating officer now directly owns 19,992 shares in the company, valued at approximately $11,135,544. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Aaron Anderson sold 731 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the sale, the chief accounting officer now owns 3,414 shares of the company's stock, valued at $1,901,598. This trade represents a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,958 shares of company stock valued at $101,181,747. Corporate insiders own 13.71% of the company's stock.

Meta Platforms Price Performance

META traded up $0.01 during trading on Wednesday, reaching $561.10. The stock had a trading volume of 5,639,719 shares, compared to its average volume of 14,995,385. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.23 and a beta of 1.22. 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 1-year low of $313.66 and a 1-year high of $602.95. The stock has a 50 day moving average of $570.23 and a two-hundred day moving average of $522.73.

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 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 the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 22.53 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.36%. Meta Platforms's dividend payout ratio is currently 9.42%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on META. TD Cowen raised their price target on Meta Platforms from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Guggenheim raised their price target on Meta Platforms from $600.00 to $665.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Piper Sandler raised their price objective on Meta Platforms from $575.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on Meta Platforms from $652.00 to $641.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Meta Platforms from $525.00 to $585.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Two investment 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $634.10.

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.