Central Valley Advisors LLC Sells 18 Shares of Meta Platforms, Inc. (NASDAQ:META)

Central Valley Advisors LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,696 shares of the social networking company’s stock after selling 18 shares during the quarter. Meta Platforms accounts for about 1.5% of Central Valley Advisors LLC’s holdings, making the stock its 18th biggest position. Central Valley Advisors LLC’s holdings in Meta Platforms were worth $3,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiera Capital Corp boosted its position in shares of Meta Platforms by 35.1% during the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock valued at $13,751,000 after buying an additional 7,089 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its stake in Meta Platforms by 5.0% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 877 shares of the social networking company’s stock valued at $442,000 after acquiring an additional 42 shares in the last quarter. GDS Wealth Management boosted its holdings in Meta Platforms by 11.5% during the 2nd quarter. GDS Wealth Management now owns 23,107 shares of the social networking company’s stock worth $11,651,000 after acquiring an additional 2,391 shares during the last quarter. Primecap Management Co. CA grew its stake in shares of Meta Platforms by 2.5% in the 2nd quarter. Primecap Management Co. CA now owns 706,450 shares of the social networking company’s stock worth $356,206,000 after acquiring an additional 17,225 shares in the last quarter. Finally, DHK Financial Advisors Inc. purchased a new stake in shares of Meta Platforms in the second quarter valued at about $252,000. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $574.70, for a total value of $520,103.50. Following the transaction, the insider now owns 32,387 shares in the company, valued at approximately $18,612,808.90. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $616.16, for a total transaction of $22,133,083.36. The disclosure for this sale can be found here. Insiders have sold a total of 496,174 shares of company stock worth $301,408,499 in the last ninety days. 13.71% of the stock is owned by insiders.

Analyst Ratings Changes

META has been the topic of several analyst reports. Roth Mkm boosted their price target on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wedbush upped their target price on Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Morgan Stanley increased their price target on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Citigroup boosted their price objective on Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $650.05.

Meta Platforms Stock Up 0.2 %

Shares of NASDAQ META opened at $612.77 on Friday. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 28.86, a PEG ratio of 1.22 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a one year low of $370.95 and a one year high of $638.40. The firm’s 50 day simple moving average is $596.78 and its two-hundred day simple moving average is $556.39.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

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.