Bouchey Financial Group Ltd Sells 366 Shares of Meta Platforms, Inc. (NASDAQ:META)

Bouchey Financial Group Ltd decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 28.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 935 shares of the social networking company’s stock after selling 366 shares during the period. Bouchey Financial Group Ltd’s holdings in Meta Platforms were worth $331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Wealth Advisors LLC grew its position in shares of Meta Platforms by 1.9% in the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after buying an additional 28 shares during the last quarter. Edge Wealth Management LLC lifted its stake in shares of Meta Platforms by 4.0% in the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after purchasing an additional 28 shares during the period. Curated Wealth Partners LLC increased its holdings in Meta Platforms by 1.8% in the 4th quarter. Curated Wealth Partners LLC now owns 1,602 shares of the social networking company’s stock worth $567,000 after acquiring an additional 29 shares in the last quarter. Courier Capital LLC grew its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Courier Capital LLC now owns 1,843 shares of the social networking company’s stock worth $652,000 after buying an additional 31 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Meta Platforms by 1.1% in the third quarter. SRS Capital Advisors Inc. now owns 3,013 shares of the social networking company’s stock valued at $905,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on META. Robert W. Baird upped their target price on shares of Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Susquehanna upped their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Raymond James increased their price target on shares of Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Mizuho increased their price target on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $496.35.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,504,435 shares of company stock valued at $703,629,367. 13.75% of the stock is owned by insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $5.77 on Thursday, hitting $488.09. The company’s stock had a trading volume of 8,125,758 shares, compared to its average volume of 17,786,563. Meta Platforms, Inc. has a 52-week low of $202.54 and a 52-week high of $523.57. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $464.84 and a 200-day moving average price of $375.30. The company has a market capitalization of $1.24 trillion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 1.28 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same period in the previous year, the firm earned $3.00 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, equities research analysts expect that Meta Platforms, Inc. will post 19.94 earnings per share 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

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.