GHP Investment Advisors Inc. Sells 469 Shares of Meta Platforms, Inc. (NASDAQ:META)

GHP Investment Advisors Inc. cut its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,824 shares of the social networking company’s stock after selling 469 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Meta Platforms were worth $8,787,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in META. Fairfield Bush & CO. bought a new stake in Meta Platforms during the 1st quarter valued at about $66,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Meta Platforms by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after acquiring an additional 249,926 shares during the period. Ergoteles LLC raised its stake in shares of Meta Platforms by 284.0% during the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock valued at $746,000 after acquiring an additional 2,482 shares in the last quarter. First Western Trust Bank purchased a new stake in shares of Meta Platforms in the first quarter valued at approximately $813,000. Finally, Oxford Financial Group Ltd. grew its stake in Meta Platforms by 26.9% in the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock worth $420,000 after purchasing an additional 400 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $523.16 on Friday. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 35.11, a PEG ratio of 1.33 and a beta of 1.20. The stock has a 50-day simple moving average of $490.71 and a two-hundred day simple moving average of $390.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter last year, the company earned $3.00 EPS. The business’s revenue was up 24.7% on a year-over-year basis. On average, equities analysts forecast that Meta Platforms, Inc. will post 20.03 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on META. Sanford C. Bernstein increased their price target on Meta Platforms from $435.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Piper Sandler increased their price objective on shares of Meta Platforms from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. The Goldman Sachs Group upped their target price on Meta Platforms from $414.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group lifted their price target on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $502.75.

Check Out Our Latest Stock Report on META

Insiders Place Their Bets

In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $364.99, for a total value of $7,183,368.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $364.99, for a total value of $7,183,368.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $5,185,255.68. Following the completion of the transaction, the chief financial officer now directly owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Insiders sold 1,460,035 shares of company stock valued at $691,937,607 in the last three months. 13.75% of the stock is currently owned by insiders.

Meta Platforms 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.

Further Reading

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

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