Applied Capital LLC FL lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,324 shares of the social networking company’s stock after selling 25 shares during the period. Meta Platforms makes up about 3.3% of Applied Capital LLC FL’s portfolio, making the stock its 4th largest holding. Applied Capital LLC FL’s holdings in Meta Platforms were worth $4,288,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Ballentine Partners LLC grew its holdings in shares of Meta Platforms by 1.4% during the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after purchasing an additional 808 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Meta Platforms by 0.6% during the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after buying an additional 897 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock worth $7,915,451,000 after buying an additional 118,298 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Meta Platforms by 111.4% during the 3rd quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock valued at $6,686,000 after acquiring an additional 6,155 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. increased its holdings in Meta Platforms by 0.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock worth $5,573,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Scotiabank lowered their price objective on Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. KeyCorp increased their price target on Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna lifted their price objective on Meta Platforms from $600.00 to $675.00 and gave the stock a “positive” rating in a research note on Thursday, October 31st. Finally, Pivotal Research raised their price target on shares of Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $655.41.
Meta Platforms Trading Up 0.3 %
Shares of META stock opened at $676.49 on Thursday. 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 firm has a market cap of $1.71 trillion, a P/E ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19. The company has a 50 day moving average of $608.52 and a 200-day moving average of $563.58. Meta Platforms, Inc. has a 12-month low of $387.10 and a 12-month high of $682.58.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. During the same quarter in the prior year, the business posted $5.33 earnings per share. Sell-side analysts anticipate 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.30%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.
Insider Activity at Meta Platforms
In related news, insider Jennifer Newstead sold 901 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $567.70, for a total transaction of $511,497.70. Following the sale, the insider now directly owns 30,581 shares in the company, valued at approximately $17,360,833.70. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Clegg sold 1,131 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $652,767.96. Following the completion of the transaction, the insider now owns 1,229 shares of the company’s stock, valued at approximately $709,329.64. This represents a 47.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 661,312 shares of company stock worth $407,377,422. Corporate insiders own 13.71% of the company’s stock.
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.
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