Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,027 shares of the social networking company’s stock after selling 3,093 shares during the period. Meta Platforms comprises 2.8% of Diversify Advisory Services LLC’s investment portfolio, making the stock its 8th largest holding. Diversify Advisory Services LLC’s holdings in Meta Platforms were worth $49,902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its position in Meta Platforms by 35.1% in the 2nd quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock valued at $13,751,000 after purchasing an additional 7,089 shares in the last quarter. Evolutionary Tree Capital Management LLC raised its holdings in Meta Platforms by 19.0% in the second quarter. Evolutionary Tree Capital Management LLC now owns 6,391 shares of the social networking company’s stock valued at $3,222,000 after acquiring an additional 1,022 shares in the last quarter. Kowal Investment Group LLC lifted its stake in Meta Platforms by 14.6% in the second quarter. Kowal Investment Group LLC now owns 4,580 shares of the social networking company’s stock worth $2,310,000 after acquiring an additional 585 shares during the last quarter. Circle Wealth Management LLC increased its position in shares of Meta Platforms by 41.1% in the 2nd quarter. Circle Wealth Management LLC now owns 14,603 shares of the social networking company’s stock valued at $7,363,000 after purchasing an additional 4,254 shares during the last quarter. Finally, Holderness Investments Co. lifted its position in shares of Meta Platforms by 3.4% during the 2nd quarter. Holderness Investments Co. now owns 5,265 shares of the social networking company’s stock worth $2,655,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.6 %

META opened at $616.46 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market cap of $1.56 trillion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.16 and a beta of 1.19. Meta Platforms, Inc. has a one year low of $381.16 and a one year high of $638.40. The business’s fifty day moving average is $598.00 and its two-hundred day moving average is $558.31.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Analysts anticipate that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. Meta Platforms’s dividend payout ratio is presently 9.42%.

Analyst Ratings Changes

A number of analysts have weighed in on META shares. Barclays raised their price target on Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their target price on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. TD Cowen upped their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Guggenheim boosted their price objective on shares of Meta Platforms from $600.00 to $665.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $651.27.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CAO Aaron Anderson sold 731 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $557.00, for a total transaction 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 trade represents a 17.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $607.97, for a total value of $21,838,890.37. The disclosure for this sale can be found here. Insiders sold a total of 531,190 shares of company stock valued at $322,938,501 in the last ninety days. Corporate insiders own 13.71% of the company’s stock.

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.