Arcadia Wealth Management LLC Cuts Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Arcadia Wealth Management LLC decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 585 shares of the social networking company’s stock after selling 26 shares during the quarter. Arcadia Wealth Management LLC’s holdings in Meta Platforms were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of META. Intergy Private Wealth LLC grew its holdings in shares of Meta Platforms by 1.3% during the fourth quarter. Intergy Private Wealth LLC now owns 2,152 shares of the social networking company’s stock valued at $1,260,000 after buying an additional 27 shares during the last quarter. Narus Financial Partners LLC boosted its stake in Meta Platforms by 16.7% during the 4th quarter. Narus Financial Partners LLC now owns 3,582 shares of the social networking company’s stock valued at $2,097,000 after purchasing an additional 513 shares during the last quarter. CMG Global Holdings LLC increased its holdings in shares of Meta Platforms by 27.1% in the 4th quarter. CMG Global Holdings LLC now owns 770 shares of the social networking company’s stock worth $480,000 after purchasing an additional 164 shares in the last quarter. Evernest Financial Advisors LLC raised its stake in shares of Meta Platforms by 3.0% in the fourth quarter. Evernest Financial Advisors LLC now owns 1,590 shares of the social networking company’s stock worth $931,000 after purchasing an additional 47 shares during the last quarter. Finally, Hunter Associates Investment Management LLC lifted its holdings in shares of Meta Platforms by 12.0% during the fourth quarter. Hunter Associates Investment Management LLC now owns 2,345 shares of the social networking company’s stock valued at $1,373,000 after purchasing an additional 252 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Mark Zuckerberg sold 12,975 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $696.39, for a total value of $9,035,660.25. Following the transaction, the chief executive officer now owns 210,971 shares of the company’s stock, valued at $146,918,094.69. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $666.00, for a total transaction of $602,730.00. Following the completion of the sale, the insider now directly owns 29,295 shares of the company’s stock, valued at approximately $19,510,470. This trade represents a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 673,878 shares of company stock valued at $416,269,904. 13.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a 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 report on Thursday, January 30th. Piper Sandler raised their target price on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, KeyCorp lifted their price objective on Meta Platforms from $700.00 to $750.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $710.83.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $704.19 on Wednesday. The stock has a 50 day moving average price of $618.86 and a 200-day moving average price of $570.21. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $710.79. The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $5.33 EPS. Equities analysts expect that Meta Platforms, Inc. will post 25.94 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 0.28%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.36%.

About Meta Platforms

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.