True North Advisors LLC Sells 160 Shares of Meta Platforms, Inc. (NASDAQ:META)

True North Advisors LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,268 shares of the social networking company’s stock after selling 160 shares during the period. True North Advisors LLC’s holdings in Meta Platforms were worth $803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Peterson Wealth Advisors LLC lifted its position in shares of Meta Platforms by 1.9% in the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock valued at $520,000 after acquiring an additional 28 shares in the last quarter. Edge Wealth Management LLC lifted its holdings in Meta Platforms by 4.0% in the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after purchasing an additional 28 shares in the last quarter. Yarger Wealth Strategies LLC boosted its stake in Meta Platforms by 4.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock worth $260,000 after purchasing an additional 28 shares during the period. Curated Wealth Partners LLC grew its holdings in Meta Platforms by 1.8% during the 4th quarter. Curated Wealth Partners LLC now owns 1,602 shares of the social networking company’s stock valued at $567,000 after buying an additional 29 shares in the last quarter. Finally, Courier Capital LLC raised its position in shares of Meta Platforms by 1.7% during the fourth quarter. Courier Capital LLC now owns 1,843 shares of the social networking company’s stock valued at $652,000 after buying an additional 31 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 1.2 %

META stock opened at $491.35 on Tuesday. The stock has a market capitalization of $1.25 trillion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $523.57. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $471.26 and a 200 day moving average of $379.61.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business posted $3.00 EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the sale, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $351.47, for a total transaction of $6,917,281.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $5,185,255.68. Following the completion of the sale, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,502,805 shares of company stock valued at $703,056,383. 14.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Oppenheimer boosted their target price on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Roth Mkm restated a “buy” rating and issued a $500.00 price target on shares of Meta Platforms in a research report on Monday, March 18th. Mizuho increased their price objective on shares of Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays boosted their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Citigroup lifted their price target on Meta Platforms from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have issued 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 $496.35.

Read Our Latest Stock Report on Meta Platforms

About Meta Platforms

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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