Rosenberg Matthew Hamilton Has $663,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Rosenberg Matthew Hamilton cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,133 shares of the social networking company’s stock after selling 24 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Meta Platforms were worth $663,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Fiera Capital Corp grew its stake in Meta Platforms by 35.1% during the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after buying an additional 7,089 shares during the last quarter. Valley Wealth Managers Inc. grew its position in Meta Platforms by 31.0% during the 2nd quarter. Valley Wealth Managers Inc. now owns 1,047 shares of the social networking company’s stock worth $528,000 after acquiring an additional 248 shares during the last quarter. RS Crum Inc. increased its holdings in Meta Platforms by 11.1% during the 2nd quarter. RS Crum Inc. now owns 1,062 shares of the social networking company’s stock valued at $536,000 after purchasing an additional 106 shares in the last quarter. Client 1ST Advisory Group LLC raised its position in Meta Platforms by 6.2% in the 2nd quarter. Client 1ST Advisory Group LLC now owns 2,187 shares of the social networking company’s stock valued at $1,103,000 after purchasing an additional 127 shares during the last quarter. Finally, SYM FINANCIAL Corp boosted its stake in Meta Platforms by 52.1% in the second quarter. SYM FINANCIAL Corp now owns 2,251 shares of the social networking company’s stock worth $1,135,000 after purchasing an additional 771 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on META. Cantor Fitzgerald restated an “overweight” rating and issued a $670.00 target price on shares of Meta Platforms in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group increased their price target on shares of Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Citigroup boosted their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays upped their price objective on Meta Platforms from $550.00 to $630.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $650.05.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms 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 value of $7,984,944.75. Following the sale, the chief executive officer now directly owns 381,290 shares in the company, valued at approximately $234,649,678.90. The trade was a 3.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the sale, the insider now directly owns 38,695 shares in the company, valued at $21,416,908.60. This trade represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 423,427 shares of company stock worth $256,996,450. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Down 2.3 %

Meta Platforms stock opened at $594.25 on Wednesday. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $595.02 and a 200-day moving average of $554.81. The stock has a market capitalization of $1.50 trillion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The firm had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Meta Platforms 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.