Silver Oak Securities Incorporated Sells 1,440 Shares of Meta Platforms, Inc. (NASDAQ:META)

Silver Oak Securities Incorporated lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 20.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,767 shares of the social networking company’s stock after selling 1,440 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Meta Platforms were worth $2,041,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in shares of Meta Platforms by 4.0% during the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after purchasing an additional 5,001,647 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Meta Platforms by 11,154.4% during the 4th quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company’s stock worth $1,752,900,000 after purchasing an additional 4,908,251 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Meta Platforms by 55.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,632,631 shares of the social networking company’s stock worth $2,591,602,000 after purchasing an additional 3,093,715 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Meta Platforms by 1,457.5% during the 4th quarter. Cerity Partners LLC now owns 3,156,360 shares of the social networking company’s stock worth $1,117,225,000 after purchasing an additional 2,953,704 shares during the last quarter. Finally, Lone Pine Capital LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter worth approximately $834,315,000. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

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 value of $5,185,255.68. Following the completion of the sale, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 10,956 shares of the stock in a transaction dated Thursday, February 15th. The stock was 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 $36,157,645.44. The disclosure for this sale can be found here. Insiders sold 1,349,148 shares of company stock valued at $649,552,559 over the last three months. Insiders own 13.75% of the company’s stock.

Meta Platforms Trading Up 0.4 %

Meta Platforms stock traded up $1.91 during mid-day trading on Friday, hitting $443.29. The company’s stock had a trading volume of 32,645,619 shares, compared to its average volume of 18,233,678. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.67. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.20. The business has a 50 day moving average price of $494.48 and a 200-day moving average price of $405.39. Meta Platforms, Inc. has a 12 month low of $229.85 and a 12 month high of $531.49.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, analysts forecast that Meta Platforms, Inc. will post 20.2 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is presently 11.49%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on META shares. Royal Bank of Canada decreased their price target on shares of Meta Platforms from $600.00 to $570.00 and set an “outperform” rating for the company in a research note on Thursday. Guggenheim reduced their price objective on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. Raymond James reduced their price objective on shares of Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating for the company in a research note on Thursday. Roth Mkm lifted their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $545.00 price objective (down from $600.00) on shares of Meta Platforms in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.18.

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.