First National Bank Sioux Falls Lowers Holdings in Meta Platforms, Inc. (NASDAQ:META)

First National Bank Sioux Falls trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 28.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,005 shares of the social networking company’s stock after selling 800 shares during the period. First National Bank Sioux Falls’ holdings in Meta Platforms were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in META. Stone House Investment Management LLC lifted its position in shares of 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 buying an additional 75 shares in the last quarter. Gilfoyle & Co LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $39,000. Cranbrook Wealth Management LLC lifted its position in shares of Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares in the last quarter. Finally, PayPay Securities Corp lifted its position in shares of Meta Platforms by 65.2% in the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after buying an additional 43 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

META has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. KeyCorp reduced their price objective on Meta Platforms from $575.00 to $555.00 and set an “overweight” rating on the stock in a research note on Monday. Tigress Financial boosted their price objective on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Finally, Robert W. Baird upped their target price on Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $520.28.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $392.36, for a total value of $7,722,037.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $392.36, for a total value of $7,722,037.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total transaction of $291,675.15. Following the completion of the sale, the insider now directly owns 37,813 shares of the company’s stock, valued at $18,853,183.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,391,935 shares of company stock worth $666,288,408. Corporate insiders own 14.03% of the company’s stock.

Meta Platforms Trading Up 3.0 %

Shares of META stock traded up $14.37 during trading on Tuesday, hitting $496.10. 14,985,989 shares of the stock traded hands, compared to its average volume of 17,131,002. The firm’s fifty day moving average price is $494.81 and its 200-day moving average price is $401.23. The firm has a market capitalization of $1.26 trillion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. Meta Platforms, Inc. has a 52-week low of $207.13 and a 52-week high of $531.49.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results 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. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.00 earnings per share. As a group, research analysts forecast that Meta Platforms, Inc. will post 20.18 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 dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s payout ratio is currently 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.