Meta Platforms, Inc. (NASDAQ:META) Position Trimmed by Court Place Advisors LLC

Court Place Advisors LLC trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 893 shares of the social networking company’s stock after selling 120 shares during the quarter. Court Place Advisors LLC’s holdings in Meta Platforms were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Meta Platforms by 57,001.5% in the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after buying an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC lifted its position in shares of Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC boosted its stake in shares of Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after acquiring an additional 890,434 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after acquiring an additional 698,884 shares during the last quarter. Finally, National Pension Service raised its position in shares of Meta Platforms by 14.6% during the third quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock worth $2,471,822,000 after purchasing an additional 550,852 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler increased their price target on Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday. KeyCorp lifted their target price on shares of Meta Platforms from $700.00 to $750.00 and gave the stock an “overweight” rating in a research report on Wednesday. DA Davidson raised their price objective on shares of Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday. Arete Research raised shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets lifted their price target on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $706.76.

Insider Activity

In other news, CAO Aaron Anderson sold 731 shares of the company’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. This represents a 17.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Susan J. Li sold 8,951 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares in the company, valued at $29,776,261.56. This trade represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 661,804 shares of company stock worth $407,745,741. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Performance

NASDAQ META opened at $689.18 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The company’s fifty day moving average is $613.60 and its two-hundred day moving average is $565.78. Meta Platforms, Inc. has a 52-week low of $387.10 and a 52-week high of $710.79. The firm has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.35 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 39.74% and a net margin of 37.91%. During the same period in the previous year, the business posted $5.33 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 25.44 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

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.