180 Wealth Advisors LLC Sells 242 Shares of Meta Platforms, Inc. (NASDAQ:META)

180 Wealth Advisors LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,832 shares of the social networking company’s stock after selling 242 shares during the quarter. Meta Platforms makes up about 1.4% of 180 Wealth Advisors LLC’s portfolio, making the stock its 9th biggest holding. 180 Wealth Advisors LLC’s holdings in Meta Platforms were worth $8,684,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. JDM Financial Group LLC acquired a new stake in Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the 3rd quarter valued at approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms in the 4th quarter valued at $41,000. Halpern Financial Inc. purchased a new stake in Meta Platforms in the 3rd quarter worth $46,000. Finally, West Financial Advisors LLC acquired a new position in Meta Platforms during the third quarter worth $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 12,975 shares of Meta Platforms stock in a transaction on Friday, January 10th. The shares were sold at an average price of $615.41, for a total transaction of $7,984,944.75. Following the completion of the sale, the chief executive officer now directly owns 381,290 shares of the company’s stock, valued at approximately $234,649,678.90. The trade was a 3.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Aaron Anderson sold 731 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. This trade represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 423,427 shares of company stock valued at $256,996,450. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

META stock opened at $594.25 on Wednesday. The business’s fifty day moving average price is $595.02 and its 200 day moving average price is $554.81. Meta Platforms, Inc. has a 12-month low of $358.61 and a 12-month high of $638.40. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.50 trillion, a PE ratio of 27.99, a P/E/G ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is presently 9.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $670.00 target price on shares of Meta Platforms in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their price objective on Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Rosenblatt Securities reissued a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a report on Thursday, October 31st. TD Cowen lifted their price target on Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their price objective on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $650.05.

About Meta Platforms

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.