F M Investments LLC Sells 59 Shares of Meta Platforms, Inc. (NASDAQ:META)

F M Investments LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,425 shares of the social networking company’s stock after selling 59 shares during the period. Meta Platforms comprises approximately 2.1% of F M Investments LLC’s investment portfolio, making the stock its 12th largest holding. F M Investments LLC’s holdings in Meta Platforms were worth $3,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Meta Platforms by 1.0% in the third quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock valued at $55,011,920,000 after buying an additional 1,733,182 shares during the period. FMR LLC raised its stake in 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. Morgan Stanley raised its stake in Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock valued at $10,890,950,000 after buying an additional 1,184,978 shares during the period. Northern Trust Corp raised its stake in Meta Platforms by 4.3% in the third quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock valued at $6,906,009,000 after buying an additional 946,871 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,143,462 shares of the social networking company’s stock valued at $3,945,799,000 after buying an additional 111,735 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on META. Wells Fargo & Company lowered their target price on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. BMO Capital Markets increased their price target on Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. UBS Group increased their price target on Meta Platforms from $530.00 to $610.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Mizuho increased their price target on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Evercore ISI increased their price target on Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $520.28.

Meta Platforms Stock Up 3.0 %

META stock traded up $14.37 during mid-day trading on Tuesday, reaching $496.10. 14,985,989 shares of the company traded hands, compared to its average volume of 17,131,002. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 1.22 and a beta of 1.20. 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 fifty-two week low of $207.13 and a fifty-two week high of $531.49. The firm’s 50 day moving average price is $495.52 and its 200 day moving average price is $402.50.

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

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the sale, the chief financial officer now owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $501.18, for a total transaction of $245,578.20. Following the sale, the chief operating officer now owns 7,089 shares of the company’s stock, valued at approximately $3,552,865.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,392,425 shares of company stock valued at $666,533,986. 14.03% of the stock is owned by company insiders.

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.