One Charles Private Wealth Services LLC Sells 22 Shares of Meta Platforms, Inc. (NASDAQ:META)

One Charles Private Wealth Services LLC reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,564 shares of the social networking company’s stock after selling 22 shares during the period. One Charles Private Wealth Services LLC’s holdings in Meta Platforms were worth $1,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in META. Canopy Partners LLC grew its stake in Meta Platforms by 0.9% during the third quarter. Canopy Partners LLC now owns 8,536 shares of the social networking company’s stock worth $4,886,000 after buying an additional 80 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Meta Platforms by 6.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 41,766 shares of the social networking company’s stock worth $23,908,000 after acquiring an additional 2,588 shares during the period. Cerity Partners LLC increased its stake in Meta Platforms by 30.7% in the third quarter. Cerity Partners LLC now owns 748,222 shares of the social networking company’s stock valued at $428,312,000 after acquiring an additional 175,683 shares during the last quarter. Optivise Advisory Services LLC acquired a new position in Meta Platforms during the third quarter valued at approximately $593,000. Finally, Certified Advisory Corp lifted its stake in Meta Platforms by 6.5% during the third quarter. Certified Advisory Corp now owns 872 shares of the social networking company’s stock worth $499,000 after purchasing an additional 53 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 620 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $345,340.00. Following the completion of the transaction, the chief operating officer now directly owns 19,992 shares of the company’s stock, valued at approximately $11,135,544. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,218 shares of company stock valued at $65,819,414. 13.71% of the stock is owned by insiders.

Meta Platforms Trading Up 1.1 %

Shares of Meta Platforms stock opened at $565.11 on Tuesday. The company has a market capitalization of $1.43 trillion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.23 and a beta of 1.22. The stock has a fifty day simple moving average of $573.38 and a 200 day simple moving average of $525.35. Meta Platforms, Inc. has a 12-month low of $313.66 and a 12-month high of $602.95. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 22.62 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Monday, September 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Pivotal Research upped their price objective on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their price target on shares of Meta Platforms from $575.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen upped their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Rosenblatt Securities restated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research report on Thursday, October 31st. Finally, Mizuho upped their price target on shares of Meta Platforms from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $634.71.

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.