First National Bank Sioux Falls Sells 800 Shares of Meta Platforms, Inc. (NASDAQ:META)

First National Bank Sioux Falls lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,005 shares of the social networking company’s stock after selling 800 shares during the quarter. First National Bank Sioux Falls’ holdings in Meta Platforms were worth $710,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after buying an additional 5,001,647 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Meta Platforms by 11,154.4% in the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock valued at $1,752,900,000 after buying an additional 4,908,251 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Meta Platforms by 55.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock valued at $2,591,602,000 after buying an additional 3,093,715 shares during the period. Cerity Partners LLC boosted its holdings in shares of Meta Platforms by 1,457.5% in the fourth quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock valued at $1,117,225,000 after buying an additional 2,953,704 shares during the period. Finally, Lone Pine Capital LLC acquired a new position in Meta Platforms during the third quarter worth $834,315,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Trading Up 3.0 %

Meta Platforms stock traded up $14.37 during mid-day trading on Tuesday, hitting $496.10. 14,985,989 shares of the stock were exchanged, compared to its average volume of 17,131,002. 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, Inc. has a 12 month low of $207.13 and a 12 month high of $531.49. The firm’s fifty day simple moving average is $494.81 and its two-hundred day simple moving average is $401.23. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.22 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.51. The firm had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.00 EPS. Analysts forecast that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on META shares. Citigroup increased their target price on shares of Meta Platforms from $525.00 to $590.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Monness Crespi & Hardt upped their price target on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $550.00 price target on shares of Meta Platforms in a research report on Monday. Piper Sandler upped their price target on shares of Meta Platforms from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Raymond James upped their price target on shares of Meta Platforms from $450.00 to $550.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $520.28.

Insider Activity

In related news, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction on Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on 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 approximately $39,015,070.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 97,093 shares of Meta Platforms stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The disclosure for this sale can be found here. Insiders sold 1,391,935 shares of company stock worth $666,288,408 in the last quarter. 14.03% of the stock is owned by corporate insiders.

About Meta Platforms

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.