Wealth Architects LLC Has $9.42 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Wealth Architects LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,082 shares of the social networking company’s stock after selling 1,361 shares during the quarter. Meta Platforms comprises approximately 1.1% of Wealth Architects LLC’s holdings, making the stock its 24th largest position. Wealth Architects LLC’s holdings in Meta Platforms were worth $9,416,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new stake in Meta Platforms in the third quarter worth $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the 3rd quarter worth about $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms during the 4th quarter valued at about $41,000. Cordant Inc. acquired a new position in shares of Meta Platforms during the 4th quarter valued at about $59,000. Finally, Bear Mountain Capital Inc. bought a new position in shares of Meta Platforms in the 4th quarter valued at approximately $70,000. 79.91% of the stock is owned by institutional investors.

Insider Activity

In related news, CTO Andrew Bosworth sold 5,060 shares of the business’s stock in a transaction that occurred on Saturday, February 15th. The shares were sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the completion of the sale, the chief technology officer now directly owns 5,139 shares of the company’s stock, valued at $3,785,747.13. The trade was a 49.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $590.00, for a total transaction of $243,670.00. Following the completion of the transaction, the chief operating officer now directly owns 17,927 shares in the company, valued at approximately $10,576,930. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 622,844 shares of company stock valued at $409,212,161 over the last 90 days. 13.71% of the stock is owned by company insiders.

Meta Platforms Stock Up 0.3 %

Shares of NASDAQ:META opened at $586.00 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.48 trillion, a P/E ratio of 24.50, a P/E/G ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company’s 50-day moving average price is $655.77 and its two-hundred day moving average price is $604.56.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the company earned $5.33 earnings per share. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.36%. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is presently 8.78%.

Wall Street Analysts Forecast Growth

META has been the subject of a number of recent analyst reports. Susquehanna upped their target price on Meta Platforms from $675.00 to $800.00 and gave the stock a “positive” rating in a research report on Thursday, January 30th. Oppenheimer upped their price objective on shares of Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Raymond James reiterated a “strong-buy” rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research note on Monday, January 27th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $718.31.

Meta Platforms 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.