Radnor Capital Management LLC Decreases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Radnor Capital Management LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META) by 1.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,565 shares of the social networking company’s stock after selling 30 shares during the period. Radnor Capital Management LLC’s holdings in Meta Platforms were worth $896,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Leslie Global Wealth LLC boosted its holdings in Meta Platforms by 8.4% in the third quarter. Leslie Global Wealth LLC now owns 1,263 shares of the social networking company’s stock valued at $723,000 after acquiring an additional 98 shares in the last quarter. Invictus Private Wealth LLC boosted its holdings in Meta Platforms by 3.6% in the third quarter. Invictus Private Wealth LLC now owns 1,272 shares of the social networking company’s stock valued at $728,000 after acquiring an additional 44 shares in the last quarter. Financial Security Advisor Inc. boosted its holdings in Meta Platforms by 2.5% in the third quarter. Financial Security Advisor Inc. now owns 2,177 shares of the social networking company’s stock valued at $1,246,000 after acquiring an additional 54 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in Meta Platforms by 12.3% in the third quarter. Catalina Capital Group LLC now owns 10,438 shares of the social networking company’s stock valued at $5,975,000 after acquiring an additional 1,145 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC boosted its holdings in Meta Platforms by 571.6% in the third quarter. Hardman Johnston Global Advisors LLC now owns 8,475 shares of the social networking company’s stock valued at $4,851,000 after acquiring an additional 7,213 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 0.4 %

Shares of META stock opened at $589.34 on Friday. Meta Platforms, Inc. has a 1 year low of $313.66 and a 1 year high of $602.95. The firm has a fifty day moving average price of $561.78 and a 200-day moving average price of $516.13. 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 has a market cap of $1.49 trillion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.27 and a beta of 1.22.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $40.21 billion. As a group, equities analysts predict that Meta Platforms, Inc. will post 22.53 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, September 16th. Meta Platforms’s payout ratio is 9.42%.

Insider Activity

In related news, CEO Mark Zuckerberg sold 84 shares of Meta Platforms stock in a transaction on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares in the company, valued at approximately $311,054,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Mark Zuckerberg sold 84 shares of Meta Platforms stock in a transaction on Monday, October 14th. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 518,424 shares in the company, valued at approximately $311,054,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 8,950 shares of Meta Platforms stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $4,714,502.00. Following the transaction, the chief financial officer now owns 74,579 shares in the company, valued at approximately $39,285,234.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,118 shares of company stock valued at $121,237,935 in the last 90 days. Company insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of several recent analyst reports. JMP Securities lifted their price target on shares of Meta Platforms from $635.00 to $660.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a report on Thursday, October 31st. Robert W. Baird boosted their target price on shares of Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $640.00 to $660.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $634.10.

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.