Bouchey Financial Group Ltd Decreases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Bouchey Financial Group Ltd trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 28.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 935 shares of the social networking company’s stock after selling 366 shares during the period. Bouchey Financial Group Ltd’s holdings in Meta Platforms were worth $331,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC boosted its holdings in Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at $26,000. Stephens Investment Management Group LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $30,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after buying an additional 42 shares in the last quarter. Finally, PayPay Securities Corp boosted its holdings in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after buying an additional 43 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 1.2 %

Shares of NASDAQ META traded down $5.77 during trading on Thursday, reaching $488.09. The stock had a trading volume of 8,125,758 shares, compared to its average volume of 17,786,563. Meta Platforms, Inc. has a fifty-two week low of $202.54 and a fifty-two week high of $523.57. The company has a market cap of $1.24 trillion, a P/E ratio of 32.84, a PEG ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The business’s 50-day moving average price is $464.84 and its 200-day moving average price is $375.30.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same period in the previous year, the firm posted $3.00 EPS. Meta Platforms’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, equities research analysts predict that Meta Platforms, Inc. will post 19.94 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.41%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on META. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Tigress Financial raised their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. TD Cowen raised their target price on shares of Meta Platforms from $415.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and issued a $500.00 price objective on shares of Meta Platforms in a research note on Monday, March 18th. Finally, Sanford C. Bernstein upped their price objective on Meta Platforms from $435.00 to $535.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 566 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $351.55, for a total transaction of $198,977.30. Following the completion of the transaction, the insider now directly owns 36,984 shares of the company’s stock, valued at approximately $13,001,725.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CTO Andrew Bosworth sold 8,036 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now directly owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 566 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $351.55, for a total value of $198,977.30. Following the completion of the sale, the insider now directly owns 36,984 shares of the company’s stock, valued at $13,001,725.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,504,435 shares of company stock valued at $703,629,367. 13.75% of the stock is currently owned by corporate insiders.

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.