Meta Platforms, Inc. (NASDAQ:META) Position Decreased by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,735 shares of the social networking company’s stock after selling 36 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Meta Platforms were worth $614,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in META. Daiwa Securities Group Inc. boosted its holdings in shares of Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after buying an additional 32,423 shares during the period. Bank of Stockton boosted its holdings in shares of Meta Platforms by 9.2% in the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after buying an additional 400 shares during the period. Signify Wealth acquired a new stake in shares of Meta Platforms during the fourth quarter worth approximately $228,000. Illinois Municipal Retirement Fund boosted its holdings in shares of Meta Platforms by 1.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock worth $79,212,000 after purchasing an additional 4,025 shares during the period. Finally, Investment Research & Advisory Group Inc. boosted its holdings in shares of Meta Platforms by 1.5% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock worth $3,880,000 after purchasing an additional 164 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Raymond James decreased their price target on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a report on Thursday. Robert W. Baird reduced their target price on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday. Canaccord Genuity Group lifted their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wedbush reduced their target price on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Morgan Stanley lifted their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $509.18.

Insider Buying and Selling

In related news, COO Javier Olivan sold 6,500 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the transaction, the chief operating officer now owns 68,935 shares in the company, valued at approximately $27,574,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Meta Platforms news, COO Javier Olivan sold 6,500 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the chief operating officer now directly owns 68,935 shares of the company’s stock, valued at approximately $27,574,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 65,600 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $400.50, for a total value of $26,272,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,349,148 shares of company stock worth $649,552,559 in the last 90 days. Corporate insiders own 13.75% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META traded up $1.91 on Friday, hitting $443.29. The stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.68. The firm’s 50 day moving average price is $494.48 and its 200-day moving average price is $404.27. The company has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, equities research analysts predict that Meta Platforms, Inc. will post 20.33 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

About Meta Platforms

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.