Rosenblum Silverman Sutton S F Inc. CA Sells 628 Shares of Meta Platforms, Inc. (NASDAQ:META)

Rosenblum Silverman Sutton S F Inc. CA lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,176 shares of the social networking company’s stock after selling 628 shares during the period. Meta Platforms makes up 4.6% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 5th biggest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Meta Platforms were worth $18,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of META. Vanguard Group Inc. lifted its holdings in shares of Meta Platforms by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock valued at $111,948,344,000 after purchasing an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC lifted its stake in Meta Platforms by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company’s stock valued at $28,719,970,000 after acquiring an additional 1,020,519 shares in the last quarter. Norges Bank acquired a new position in Meta Platforms during the 4th quarter worth approximately $19,949,512,000. Charles Schwab Investment Management Inc. grew its stake in shares of Meta Platforms by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock worth $8,344,552,000 after acquiring an additional 424,201 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Meta Platforms by 27.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,901,521 shares of the social networking company’s stock valued at $5,211,967,000 after purchasing an additional 1,892,509 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $531.62 on Friday. The firm has a market capitalization of $1.35 trillion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.42 and a beta of 1.28. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $651.00 and its 200-day moving average price is $609.95. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the business posted $5.33 EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 921 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $570.66, for a total value of $525,577.86. Following the sale, the insider now directly owns 30,261 shares of the company’s stock, valued at approximately $17,268,742.26. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 608 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $563.03, for a total transaction of $342,322.24. Following the sale, the chief operating officer now owns 6,230 shares of the company’s stock, valued at approximately $3,507,676.90. This trade represents a 8.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 549,113 shares of company stock valued at $364,668,246. 13.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

META has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and set a $750.00 target price on shares of Meta Platforms in a report on Monday, January 27th. Citigroup raised their price objective on Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Barclays upped their target price on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Argus set a $775.00 price target on Meta Platforms in a research note on Tuesday, February 4th. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $718.55.

Meta Platforms 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.