Pacific Sage Partners LLC Has $1.21 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Pacific Sage Partners LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,074 shares of the social networking company’s stock after acquiring an additional 22 shares during the period. Pacific Sage Partners LLC’s holdings in Meta Platforms were worth $1,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of META. Ballentine Partners LLC boosted its position in shares of Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after purchasing an additional 808 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Meta Platforms by 0.6% during the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after purchasing an additional 897 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock worth $7,915,451,000 after purchasing an additional 118,298 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Meta Platforms by 111.4% during the third quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock worth $6,686,000 after purchasing an additional 6,155 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. boosted its position in shares of Meta Platforms by 0.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock worth $5,573,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

META has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Susquehanna boosted their price objective on shares of Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a research report on Thursday, January 30th. Citigroup boosted their price objective on shares of Meta Platforms from $753.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Raymond James reaffirmed a “strong-buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Finally, Barclays boosted their price objective on shares of Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $710.83.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 5,057 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $2,918,698.12. Following the sale, the chief technology officer now owns 8,565 shares in the company, valued at $4,943,375.40. This trade represents a 37.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas Clegg sold 1,131 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $652,767.96. Following the completion of the sale, the insider now owns 1,229 shares in the company, valued at $709,329.64. This represents a 47.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 701,146 shares of company stock worth $435,387,895 over the last quarter. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $711.99 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 1.47 and a beta of 1.20. The firm’s 50 day simple moving average is $624.43 and its 200 day simple moving average is $572.13. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $718.90.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the business posted $5.33 EPS. As a group, research analysts expect that Meta Platforms, Inc. will post 25.94 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. Meta Platforms’s dividend payout ratio is 8.36%.

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.