Arbor Capital Management Inc. ADV Sells 305 Shares of Meta Platforms, Inc. (NASDAQ:META)

Arbor Capital Management Inc. ADV trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,679 shares of the social networking company’s stock after selling 305 shares during the quarter. Meta Platforms makes up about 1.6% of Arbor Capital Management Inc. ADV’s investment portfolio, making the stock its 22nd biggest position. Arbor Capital Management Inc. ADV’s holdings in Meta Platforms were worth $1,569,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in META. Seelaus Asset Management LLC increased its position in Meta Platforms by 0.9% during the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after purchasing an additional 15 shares in the last quarter. Meredith Wealth Planning increased its position in Meta Platforms by 0.8% during the 4th 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 in the last quarter. Maiden Cove Capital LLC increased its position in Meta Platforms by 3.2% during the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock worth $282,000 after purchasing an additional 15 shares in the last quarter. Stephens Consulting LLC increased its position in Meta Platforms by 5.3% during 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 in the last quarter. Finally, VeraBank N.A. increased its position in Meta Platforms by 0.8% during the 4th quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock worth $1,144,000 after purchasing an additional 16 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $584.06 on Thursday. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The company has a 50-day simple moving average of $656.27 and a 200 day simple moving average of $604.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.48 trillion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) 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 in the prior year, the firm earned $5.33 earnings per share. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 4,706 shares of Meta Platforms stock in a transaction dated Saturday, February 15th. The shares were sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the transaction, the chief operating officer now owns 20,935 shares in the company, valued at $15,422,186.45. This trade represents a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 902 shares of Meta Platforms stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $713.32, for a total transaction of $643,414.64. Following the completion of the transaction, the insider now owns 27,488 shares of the company’s stock, valued at $19,607,740.16. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 632,023 shares of company stock worth $414,734,884 over the last quarter. Corporate insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research analyst reports. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Wolfe Research upped their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Oppenheimer upped their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price target on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Finally, Barclays upped their price target 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $718.31.

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.