Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,110 shares of the social networking company’s stock after selling 29 shares during the quarter. Meta Platforms makes up approximately 1.1% of Capital Advisors Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Capital Advisors Wealth Management LLC’s holdings in Meta Platforms were worth $5,919,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Guggenheim upped their price objective on Meta Platforms from $600.00 to $665.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Hsbc Global Res upgraded Meta Platforms to a “hold” rating in a report on Thursday, October 24th. JMP Securities lifted their price objective on Meta Platforms from $660.00 to $750.00 and gave the company a “market outperform” rating in a research note on Thursday, January 2nd. Monness Crespi & Hardt increased their target price on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Citigroup lifted their price target on shares of Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $650.05.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $616.16, for a total value of $22,133,083.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Aaron Anderson sold 731 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 496,174 shares of company stock valued at $301,408,499. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Up 0.2 %

Meta Platforms stock opened at $612.77 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. Meta Platforms, Inc. has a one year low of $370.95 and a one year high of $638.40. The company has a 50-day simple moving average of $596.78 and a 200-day simple moving average of $556.39. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last announced 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 for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, equities analysts expect that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.

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.