Insight 2811 Inc. Decreases Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Insight 2811 Inc. decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 950 shares of the social networking company’s stock after selling 23 shares during the period. Insight 2811 Inc.’s holdings in Meta Platforms were worth $556,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. TIAA Trust National Association boosted its position in shares of Meta Platforms by 0.3% during the fourth quarter. TIAA Trust National Association now owns 199,410 shares of the social networking company’s stock valued at $116,759,000 after buying an additional 572 shares during the period. FineMark National Bank & Trust grew its holdings in shares of Meta Platforms by 1.8% in the fourth quarter. FineMark National Bank & Trust now owns 53,941 shares of the social networking company’s stock worth $31,583,000 after purchasing an additional 929 shares during the last quarter. Ashton Thomas Securities LLC increased its stake in Meta Platforms by 6.7% in the 4th quarter. Ashton Thomas Securities LLC now owns 13,324 shares of the social networking company’s stock worth $7,800,000 after buying an additional 834 shares during the period. TD Asset Management Inc. lifted its holdings in Meta Platforms by 3.5% during the 4th quarter. TD Asset Management Inc. now owns 3,618,903 shares of the social networking company’s stock valued at $2,118,904,000 after buying an additional 123,190 shares in the last quarter. Finally, Princeton Capital Management LLC boosted its position in Meta Platforms by 17.2% in the 4th quarter. Princeton Capital Management LLC now owns 1,111 shares of the social networking company’s stock valued at $651,000 after buying an additional 163 shares during the period. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on META shares. JMP Securities reaffirmed a “market outperform” rating and set a $750.00 target price on shares of Meta Platforms in a research report on Monday, January 27th. Benchmark raised Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price for the company in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $770.00 price target (up previously from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Truist Financial lifted their price objective on Meta Platforms from $700.00 to $770.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Morgan Stanley increased their target price on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $718.31.

Meta Platforms Stock Up 1.2 %

Shares of META opened at $626.31 on Wednesday. The stock has a 50 day moving average price of $656.24 and a 200 day moving average price of $608.00. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. 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 stock has a market capitalization of $1.59 trillion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.42 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last released its earnings results 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 last year, the business earned $5.33 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.34%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is 8.78%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $589.16, for a total transaction of $243,323.08. Following the transaction, the chief operating officer now owns 17,514 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 902 shares of Meta Platforms stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $713.32, for a total value of $643,414.64. Following the transaction, the insider now owns 27,488 shares in the company, valued at approximately $19,607,740.16. This represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 585,605 shares of company stock worth $386,710,448 in the last ninety days. Insiders own 13.71% of the company’s stock.

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.