Meta Platforms, Inc. (NASDAQ:META) Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. lowered its holdings in Meta Platforms, Inc. (NASDAQ:META) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,938 shares of the social networking company’s stock after selling 56 shares during the period. MV Capital Management Inc.’s holdings in Meta Platforms were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of META. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms during the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms during the 3rd quarter valued at $36,000. Millstone Evans Group LLC acquired a new position in Meta Platforms during the 4th quarter worth $40,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the 4th quarter worth about $41,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on META. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group lifted their target price on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JMP Securities restated a “market outperform” rating and set a $750.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Benchmark raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price on the stock in a report on Thursday, January 30th. Finally, Raymond James restated a “strong-buy” rating and issued a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $718.31.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $6,300,738.51. Following the completion of the sale, the chief financial officer now owns 51,793 shares in the company, valued at $38,154,349.31. This represents a 14.17 % 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 35,921 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $603.98, for a total transaction of $21,695,565.58. The disclosure for this sale can be found here. Insiders sold 584,823 shares of company stock valued at $386,274,777 over the last three months. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $576.74 on Friday. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $655.23 and its two-hundred day moving average price is $608.48. The stock has a market cap of $1.46 trillion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS 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 quarter last year, the firm earned $5.33 earnings per share. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.78%.

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.