American Capital Advisory LLC Sells 157 Shares of Meta Platforms, Inc. (NASDAQ:META)

American Capital Advisory LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,039 shares of the social networking company’s stock after selling 157 shares during the quarter. Meta Platforms accounts for approximately 1.3% of American Capital Advisory LLC’s holdings, making the stock its 15th biggest holding. American Capital Advisory LLC’s holdings in Meta Platforms were worth $2,365,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Stephens Consulting LLC grew its holdings in shares of Meta Platforms by 5.3% in the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after purchasing an additional 16 shares during the last quarter. Lindenwold Advisors INC lifted its position in Meta Platforms by 0.3% during the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after buying an additional 17 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in Meta Platforms by 1.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after buying an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. lifted its position in Meta Platforms by 0.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock worth $1,569,000 after buying an additional 17 shares in the last quarter. Finally, Alliance Wealth Advisors LLC lifted its position in Meta Platforms by 0.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock worth $1,595,000 after buying an additional 18 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CAO Aaron Anderson sold 731 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction of $407,167.00. Following the completion of the sale, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at $1,901,598. This trade represents a 17.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,644 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $553.55, for a total value of $10,320,386.20. Following the sale, the chief financial officer now directly owns 46,769 shares of the company’s stock, valued at $25,888,979.95. This represents a 28.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 793,070 shares of company stock valued at $504,185,108 in the last quarter. 13.71% of the stock is currently owned by insiders.

Meta Platforms Trading Up 0.4 %

NASDAQ META opened at $728.56 on Friday. The company has a market cap of $1.85 trillion, a PE ratio of 30.46, a PEG ratio of 1.46 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $729.00. The stock has a 50 day moving average of $636.47 and a 200-day moving average of $580.80.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the firm posted $5.33 earnings per share. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is currently 8.36%.

Analysts Set New Price Targets

Several research analysts recently issued reports on META shares. Susquehanna upped their price target on shares of Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research report on Thursday, January 30th. Citigroup upped their price target on shares of Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Bank of America upped their price target on shares of Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Barclays upped their target price on shares of Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, DA Davidson upped their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.

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.