Angeles Investment Advisors LLC Has $1.49 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Angeles Investment Advisors LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 36.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,538 shares of the social networking company’s stock after selling 1,446 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Meta Platforms were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Twin City Private Wealth LLC lifted its position in shares of Meta Platforms by 4.6% during the 4th quarter. Twin City Private Wealth LLC now owns 5,689 shares of the social networking company’s stock worth $3,331,000 after purchasing an additional 250 shares during the last quarter. Dillon & Associates Inc. lifted its holdings in shares of Meta Platforms by 0.3% during the fourth quarter. Dillon & Associates Inc. now owns 12,644 shares of the social networking company’s stock worth $7,409,000 after buying an additional 38 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $252,000. Vanguard Group Inc. grew its stake in shares of Meta Platforms by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock worth $111,948,344,000 after acquiring an additional 1,502,553 shares during the last quarter. Finally, Napatree Capital LLC increased its position in Meta Platforms by 23.1% during the fourth quarter. Napatree Capital LLC now owns 1,336 shares of the social networking company’s stock worth $782,000 after acquiring an additional 251 shares during the period. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on META. Jefferies Financial Group raised their price target on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Robert W. Baird increased their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wolfe Research boosted their price target on Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their price objective on Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Oppenheimer boosted their price objective on Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $718.31.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 921 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $600.25, for a total transaction of $552,830.25. Following the completion of the transaction, the insider now owns 32,103 shares in the company, valued at approximately $19,269,825.75. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Javier Olivan sold 413 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $589.16, for a total transaction of $243,323.08. Following the completion of the sale, the chief operating officer now owns 17,514 shares in the company, valued at approximately $10,318,548.24. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 585,605 shares of company stock valued at $386,710,448 over the last three months. Company insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $619.55 on Tuesday. The company has a market cap of $1.57 trillion, a PE ratio of 25.90, a PEG ratio of 1.42 and a beta of 1.23. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The company’s 50-day moving average is $655.60 and its two-hundred day moving average is $607.11.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the company earned $5.33 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a $0.525 dividend. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

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.