West Oak Capital LLC Has $38,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

West Oak Capital LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 96.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65 shares of the social networking company's stock after selling 1,580 shares during the quarter. West Oak Capital LLC's holdings in Meta Platforms were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Lindenwold Advisors INC grew its stake in Meta Platforms by 0.3% during the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company's stock valued at $3,388,000 after acquiring an additional 17 shares in the last quarter. Insight Wealth Strategies LLC grew its position in Meta Platforms by 1.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company's stock valued at $625,000 after purchasing an additional 17 shares in the last quarter. Central Valley Advisors LLC increased 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 during the period. Cherrydale Wealth Management LLC lifted its position in Meta Platforms by 0.5% in 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 boosted its stake in shares of Meta Platforms by 0.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company's stock valued at $1,595,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on META. Wedbush increased their price objective on Meta Platforms from $640.00 to $680.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Guggenheim raised their price target on Meta Platforms from $600.00 to $665.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. Hsbc Global Res upgraded Meta Platforms to a "hold" rating in a report on Thursday, October 24th. BMO Capital Markets increased their price objective on Meta Platforms from $525.00 to $530.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Finally, UBS Group lifted their target price on shares of Meta Platforms from $690.00 to $719.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Two research 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 stock. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average price target of $646.90.

Meta Platforms Price Performance

Meta Platforms stock traded up $5.14 during trading hours on Friday, hitting $615.86. 19,223,919 shares of the stock were exchanged, compared to its average volume of 13,343,199. Meta Platforms, Inc. has a 12 month low of $358.61 and a 12 month high of $638.40. The business's 50-day moving average is $593.63 and its two-hundred day moving average is $553.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 29.01, a P/E/G ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Equities research analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 0.32%. Meta Platforms's payout ratio is 9.42%.

Insider Activity

In other news, insider Jennifer Newstead sold 905 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $631.55, for a total transaction of $571,552.75. Following the completion of the transaction, the insider now directly owns 32,010 shares in the company, valued at approximately $20,215,915.50. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 84 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares of the company's stock, valued at approximately $311,054,400. This represents a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 411,441 shares of company stock valued at $249,595,828. Company insiders own 13.71% of the company's stock.

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.