Advocate Group LLC reduced its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 656 shares of the social networking company’s stock after selling 181 shares during the quarter. Advocate Group LLC’s holdings in Meta Platforms were worth $384,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC purchased a new position in shares of Meta Platforms during the 2nd quarter worth approximately $1,559,000. Quarry LP boosted its position in shares of Meta Platforms by 208.3% during the second quarter. Quarry LP now owns 259 shares of the social networking company’s stock valued at $131,000 after purchasing an additional 175 shares in the last quarter. Truist Financial Corp grew its stake in Meta Platforms by 4.4% in the second quarter. Truist Financial Corp now owns 886,858 shares of the social networking company’s stock worth $447,171,000 after purchasing an additional 36,981 shares during the period. Advisory Alpha LLC raised its holdings in Meta Platforms by 30.4% in the second quarter. Advisory Alpha LLC now owns 4,294 shares of the social networking company’s stock worth $2,165,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Graham Capital Wealth Management LLC purchased a new position in Meta Platforms during the second quarter valued at $201,000. 79.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on META shares. The Goldman Sachs Group increased their price target on shares of Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Roth Mkm raised their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on Meta Platforms from $590.00 to $663.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Guggenheim raised their price objective on Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Morgan Stanley boosted their target price on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $654.20.
Insider Transactions at Meta Platforms
In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $567.58, for a total transaction of $234,410.54. Following the sale, the chief operating officer now owns 10,294 shares of the company’s stock, valued at approximately $5,842,668.52. This trade represents a 3.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the transaction, the chief financial officer now directly owns 51,591 shares in the company, valued at approximately $29,776,261.56. This represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 602,612 shares of company stock valued at $368,414,542 over the last three months. Corporate insiders own 13.71% of the company’s stock.
Meta Platforms Stock Performance
NASDAQ:META opened at $674.33 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 stock has a 50-day simple moving average of $606.30 and a two-hundred day simple moving average of $562.78. The firm has a market capitalization of $1.70 trillion, a PE ratio of 31.76, a P/E/G ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a 52-week low of $387.10 and a 52-week high of $682.58.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Analysts forecast that Meta Platforms, Inc. will post 22.96 EPS for the current year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.30%. Meta Platforms’s payout ratio is currently 9.42%.
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.
Read More
- Five stocks we like better than Meta Platforms
- Which Wall Street Analysts are the Most Accurate?
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- How to Use Stock Screeners to Find Stocks
- What Does the Future Hold for Eli Lilly?
- Differences Between Momentum Investing and Long Term Investing
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.