Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Decreased by RWA Wealth Partners LLC

RWA Wealth Partners LLC lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,068 shares of the social networking company’s stock after selling 1,291 shares during the quarter. RWA Wealth Partners LLC’s holdings in Meta Platforms were worth $29,316,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Seelaus Asset Management LLC raised its stake in shares of Meta Platforms by 0.9% during the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock valued at $960,000 after acquiring an additional 15 shares during the last quarter. Meredith Wealth Planning grew its holdings in Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after purchasing an additional 15 shares during the period. Maiden Cove Capital LLC increased its position in Meta Platforms by 3.2% in the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock valued at $282,000 after buying an additional 15 shares in the last quarter. Stephens Consulting LLC boosted its holdings in Meta Platforms by 5.3% in the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after acquiring an additional 16 shares in the last quarter. Finally, VeraBank N.A. grew its stake in Meta Platforms by 0.8% in the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock valued at $1,144,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $576.74 on Friday. The company’s fifty day moving average price is $655.23 and its 200-day moving average price is $609.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $5.33 EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a dividend of $0.525 per share. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $589.16, for a total value of $243,323.08. Following the transaction, the chief operating officer now owns 17,514 shares in the company, valued at approximately $10,318,548.24. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $627.05, for a total value of $577,513.05. Following the sale, the insider now owns 31,182 shares of the company’s stock, valued at $19,552,673.10. This represents a 2.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 584,823 shares of company stock valued at $386,274,777. 13.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. KeyCorp dropped their price objective on shares of Meta Platforms from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Arete Research raised shares of Meta Platforms to a “hold” rating in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $750.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Finally, Mizuho boosted their price objective on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $718.31.

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.