Moisand Fitzgerald Tamayo LLC Sells 143 Shares of Meta Platforms, Inc. (NASDAQ:META)

Moisand Fitzgerald Tamayo LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 465 shares of the social networking company’s stock after selling 143 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Meta Platforms were worth $165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Meta Platforms by 1.0% in the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after purchasing an additional 1,733,182 shares in the last quarter. FMR LLC raised its holdings in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after purchasing an additional 5,001,647 shares in the last quarter. State Street Corp raised its holdings in Meta Platforms by 1.8% in the second quarter. State Street Corp now owns 88,542,953 shares of the social networking company’s stock worth $25,410,057,000 after purchasing an additional 1,548,671 shares in the last quarter. Morgan Stanley raised its holdings in Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after purchasing an additional 1,184,978 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $4,223,148,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on META. Sanford C. Bernstein boosted their price target on Meta Platforms from $435.00 to $535.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer boosted their price target on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Tigress Financial boosted their price target on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Morgan Stanley upped their target price on Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, KeyCorp upped their target price on Meta Platforms from $465.00 to $575.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. One 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $351.47, for a total value of $6,917,281.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $513.32, for a total value of $251,526.80. Following the sale, the chief operating officer now directly owns 10,029 shares in the company, valued at approximately $5,148,086.28. The disclosure for this sale can be found here. Insiders sold 1,504,435 shares of company stock worth $703,629,367 in the last three months. 13.75% of the stock is owned by company insiders.

Meta Platforms Trading Down 1.0 %

Shares of NASDAQ META traded down $4.74 during mid-day trading on Thursday, reaching $489.12. 9,126,516 shares of the company’s stock were exchanged, compared to its average volume of 17,803,041. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a 52-week low of $202.54 and a 52-week high of $523.57. The company’s 50-day moving average is $464.84 and its 200-day moving average is $375.30.

Meta Platforms (NASDAQ:META) last announced its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same period last year, the business posted $3.00 EPS. Meta Platforms’s revenue for the quarter was up 24.7% on a year-over-year basis. Analysts expect that Meta Platforms, Inc. will post 19.94 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

About Meta Platforms

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.