Stableford Capital II LLC Sells 558 Shares of Meta Platforms, Inc. (NASDAQ:META)

Stableford Capital II LLC decreased its stake in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,099 shares of the social networking company’s stock after selling 558 shares during the period. Meta Platforms accounts for about 1.4% of Stableford Capital II LLC’s holdings, making the stock its 16th biggest holding. Stableford Capital II LLC’s holdings in Meta Platforms were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in META. Renaissance Technologies LLC boosted its holdings in Meta Platforms by 137.5% in the second quarter. Renaissance Technologies LLC now owns 4,532,030 shares of the social networking company’s stock worth $1,300,602,000 after acquiring an additional 2,623,447 shares in the last quarter. Signify Wealth bought a new stake in Meta Platforms during the fourth quarter worth $228,000. Keel Point LLC increased its position in Meta Platforms by 6.3% in the third quarter. Keel Point LLC now owns 6,690 shares of the social networking company’s stock worth $2,008,000 after buying an additional 399 shares during the last quarter. AFT Forsyth & Company Inc. grew its position in shares of Meta Platforms by 5.6% in the third quarter. AFT Forsyth & Company Inc. now owns 4,149 shares of the social networking company’s stock valued at $1,246,000 after purchasing an additional 220 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Meta Platforms by 16.4% in the third quarter. Metis Global Partners LLC now owns 105,142 shares of the social networking company’s stock valued at $31,565,000 after purchasing an additional 14,824 shares in the last quarter. Institutional investors and hedge funds own 62.87% of the company’s stock.

Meta Platforms Stock Up 0.4 %

Meta Platforms stock opened at $509.58 on Friday. Meta Platforms, Inc. has a twelve month low of $197.90 and a twelve month high of $523.57. The firm has a 50 day moving average price of $457.19 and a 200-day moving average price of $370.63. The company has a market capitalization of $1.30 trillion, a P/E ratio of 34.20, a P/E/G ratio of 1.31 and a beta of 1.21. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. Meta Platforms’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the firm earned $3.00 EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Analyst Upgrades and Downgrades

Several research firms recently commented on META. Wolfe Research boosted their target price on Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. KeyCorp lifted their price target on Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Mizuho lifted their price target on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JMP Securities boosted their target price on Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Raymond James upped their target price on Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Get Our Latest Report on META

Insider Activity

In related news, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,365,299 shares of company stock worth $626,512,270. 13.75% of the stock is currently owned by corporate insiders.

Meta Platforms Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.