Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,530 shares of the social networking company’s stock after selling 25 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Meta Platforms were worth $2,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in Meta Platforms during the 2nd quarter worth $1,559,000. Quarry LP boosted its stake 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 worth $131,000 after buying an additional 175 shares during the period. SPC Financial Inc. grew its holdings in shares of Meta Platforms by 2.3% during the second quarter. SPC Financial Inc. now owns 1,077 shares of the social networking company’s stock worth $543,000 after buying an additional 24 shares during the last quarter. SRN Advisors LLC increased its position in Meta Platforms by 127.4% in the 2nd quarter. SRN Advisors LLC now owns 5,547 shares of the social networking company’s stock valued at $2,797,000 after acquiring an additional 3,108 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Meta Platforms during the 2nd quarter valued at approximately $529,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 22,366 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $648.68, for a total transaction of $14,508,376.88. Following the completion of the sale, the chief executive officer now directly owns 580 shares in the company, valued at $376,234.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 owns 3,414 shares in the company, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 661,312 shares of company stock worth $407,377,422 over the last quarter. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $676.49 on Thursday. The stock has a market capitalization of $1.71 trillion, a P/E ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $608.52 and its 200 day moving average price is $563.58. Meta Platforms, Inc. has a twelve month low of $387.10 and a twelve month high of $682.58.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. During the same quarter in the previous year, the company posted $5.33 earnings per share. As a group, research analysts anticipate that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on META shares. Morgan Stanley boosted their target price on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a report on Monday, January 13th. The Goldman Sachs Group boosted their price objective on shares of Meta Platforms from $555.00 to $636.00 and gave the company a “buy” rating in a research note on Monday, October 14th. KeyCorp raised their target price on shares of Meta Platforms from $700.00 to $750.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Roth Mkm lifted their price objective on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $655.41.

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.