Meta Platforms, Inc. (NASDAQ:META) Shares Sold by One Capital Management LLC

One Capital Management LLC cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,170 shares of the social networking company’s stock after selling 1,650 shares during the quarter. One Capital Management LLC’s holdings in Meta Platforms were worth $22,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in META. JDM Financial Group LLC acquired a new position in Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the third quarter valued at approximately $36,000. Avondale Wealth Management acquired a new position in Meta Platforms in the fourth quarter valued at approximately $41,000. Cordant Inc. acquired a new position in Meta Platforms in the fourth quarter valued at approximately $59,000. Finally, Peterson Financial Group Inc. acquired a new position in Meta Platforms in the third quarter valued at approximately $70,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Up 1.3 %

Meta Platforms stock opened at $605.71 on Wednesday. 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 firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The stock’s fifty day moving average is $657.45 and its two-hundred day moving average is $601.96.

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, 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 last year, the business earned $5.33 EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.525 dividend. 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. This represents a $2.10 annualized dividend and a yield of 0.35%. Meta Platforms’s dividend payout ratio is 8.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on META shares. JPMorgan Chase & Co. upped their price target on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. KeyCorp boosted their price objective on Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. JMP Securities reiterated a “market outperform” rating and issued a $750.00 price objective on shares of Meta Platforms in a research note on Monday, January 27th. Piper Sandler boosted their price objective on Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group boosted their price objective on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $719.26.

Insider Buying and Selling at Meta Platforms

In related news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $622.24, for a total transaction of $22,351,483.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 921 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $644.00, for a total value of $593,124.00. Following the sale, the insider now directly owns 33,945 shares in the company, valued at approximately $21,860,580. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 725,081 shares of company stock valued at $472,702,625. 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.