Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Marietta Wealth Management LLC

Marietta Wealth Management LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,096 shares of the social networking company’s stock after selling 644 shares during the quarter. Meta Platforms accounts for approximately 1.3% of Marietta Wealth Management LLC’s holdings, making the stock its 26th largest holding. Marietta Wealth Management LLC’s holdings in Meta Platforms were worth $7,113,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in META. Stone House Investment Management LLC boosted its holdings in Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth about $26,000. Stephens Investment Management Group LLC acquired a new stake in shares of Meta Platforms during the second quarter worth about $30,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares during the period. Finally, PayPay Securities Corp lifted its holdings in shares of Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity

In other news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $364.99, for a total value of $7,183,368.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $364.99, for a total transaction of $7,183,368.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 9,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $388.90, for a total value of $3,500,100.00. Following the transaction, the chief operating officer now directly owns 79,935 shares in the company, valued at approximately $31,086,721.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,459,469 shares of company stock valued at $691,726,161 in the last quarter. Insiders own 14.03% of the company’s stock.

Meta Platforms Trading Up 0.4 %

NASDAQ META traded up $1.86 on Tuesday, reaching $502.09. 4,589,774 shares of the company were exchanged, compared to its average volume of 17,071,977. The business’s fifty day moving average price is $492.26 and its 200 day moving average price is $394.61. The stock has a market capitalization of $1.28 trillion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion for 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 revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.00 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on META shares. BMO Capital Markets lifted their target price on Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Oppenheimer lifted their target price on Meta Platforms from $525.00 to $585.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their target price on Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Robert W. Baird boosted their price target on Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price target on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $509.28.

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.