Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,402 shares of the social networking company’s stock after selling 173 shares during the period. Meta Platforms comprises 1.9% of Strategy Asset Managers LLC’s holdings, making the stock its 12th biggest position. Strategy Asset Managers LLC’s holdings in Meta Platforms were worth $9,604,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of META. Seelaus Asset Management LLC boosted its stake in shares of Meta Platforms by 0.9% during the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after acquiring an additional 15 shares in the last quarter. Meredith Wealth Planning boosted its position in Meta Platforms by 0.8% during the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after purchasing an additional 15 shares in the last quarter. Maiden Cove Capital LLC increased its position in shares of Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock valued at $282,000 after buying an additional 15 shares in the last quarter. Stephens Consulting LLC raised its stake in shares of Meta Platforms by 5.3% during the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after buying an additional 16 shares during the period. Finally, VeraBank N.A. lifted its position in shares of Meta Platforms by 0.8% during the 4th quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock valued at $1,144,000 after buying an additional 16 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

META has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wolfe Research upped their price target on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective for the company in a research note on Thursday, January 30th. Barclays lifted their target price on shares of Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $718.31.

Insider Buying and Selling at Meta Platforms

In related news, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $627.05, for a total value of $577,513.05. Following the sale, the insider now directly owns 31,182 shares of the company’s stock, valued at approximately $19,552,673.10. This trade represents a 2.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 4,706 shares of the stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $3,466,769.02. Following the completion of the transaction, the chief operating officer now directly owns 20,935 shares in the company, valued at $15,422,186.45. This trade represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 584,823 shares of company stock worth $386,274,777. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $576.74 on Friday. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.42 and a beta of 1.23. The firm has a 50 day moving average of $655.23 and a 200-day moving average of $608.48. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period last year, the company posted $5.33 EPS. As a group, equities analysts expect 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 was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.36%. Meta Platforms’s payout ratio is presently 8.78%.

Meta Platforms Company 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.