Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 709,785 shares of the social networking company’s stock after selling 72,296 shares during the period. Meta Platforms makes up approximately 1.6% of Nisa Investment Advisors LLC’s holdings, making the stock its 8th biggest holding. Nisa Investment Advisors LLC’s holdings in Meta Platforms were worth $415,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of META. JDM Financial Group LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms during the 3rd quarter valued at $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $41,000. Halpern Financial Inc. acquired a new stake in shares of Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Meta Platforms during the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 1.7 %

NASDAQ:META opened at $647.49 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 1-year low of $385.66 and a 1-year high of $652.00. The firm has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.18 and a beta of 1.19. The business’s 50-day moving average price is $601.93 and its two-hundred day moving average price is $560.12.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. On average, equities analysts expect that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is presently 9.42%.

Analyst Ratings Changes

META has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. increased their target price on shares of Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Truist Financial upped their price target on Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Rosenblatt Securities reissued a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a report on Thursday, October 31st. Finally, Hsbc Global Res raised Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $654.20.

Insiders Place Their Bets

In related news, CAO Aaron Anderson sold 731 shares of the company’s 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 of the company’s stock, valued at approximately $1,901,598. This represents a 17.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $633.25, for a total value of $22,746,973.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 568,016 shares of company stock worth $346,031,180. Corporate insiders own 13.71% of the company’s stock.

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.