Meta Platforms, Inc. (NASDAQ:META) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,372 shares of the social networking company’s stock after selling 72 shares during the period. Meta Platforms accounts for 1.8% of DGS Capital Management LLC’s portfolio, making the stock its 7th largest holding. DGS Capital Management LLC’s holdings in Meta Platforms were worth $7,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of META. JDM Financial Group LLC bought a new stake in Meta Platforms during the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the 3rd quarter valued at approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms in the 4th quarter valued at approximately $41,000. Halpern Financial Inc. bought a new position in Meta Platforms in the 3rd quarter worth approximately $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms during the third quarter worth approximately $49,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Up 1.9 %

Shares of NASDAQ:META opened at $659.88 on Tuesday. The company has a 50 day moving average of $604.04 and a 200-day moving average of $561.55. Meta Platforms, Inc. has a one year low of $387.10 and a one year high of $663.87. The stock has a market cap of $1.67 trillion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.18 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.30%. Meta Platforms’s payout ratio is currently 9.42%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on META shares. Pivotal Research boosted their target price on shares of Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. JMP Securities restated a “market outperform” rating and set a $750.00 price target on shares of Meta Platforms in a research note on Monday. Wedbush reaffirmed an “outperform” rating and issued a $700.00 price target (up previously from $680.00) on shares of Meta Platforms in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a report on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $654.20.

Insider Activity

In related news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $644.76, for a total transaction of $23,160,423.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Aaron Anderson sold 731 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. The trade was a 17.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 603,032 shares of company stock valued at $368,666,614 in the last ninety days. 13.71% of the stock is owned by 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.