Meta Platforms, Inc. (NASDAQ:META) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,060 shares of the social networking company’s stock after selling 128 shares during the period. TCI Wealth Advisors Inc.’s holdings in Meta Platforms were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in META. International Assets Investment Management LLC lifted its stake in Meta Platforms by 57,001.5% in the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after buying an additional 9,500,444 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after buying an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC lifted its stake in Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after buying an additional 890,434 shares during the last quarter. Geode Capital Management LLC lifted its stake in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after buying an additional 698,884 shares during the last quarter. Finally, National Pension Service lifted its stake in Meta Platforms by 14.6% in the third quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock valued at $2,471,822,000 after buying an additional 550,852 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $704.19 on Wednesday. The business’s 50-day moving average price is $618.86 and its 200 day moving average price is $570.21. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $710.79. The company has a market capitalization of $1.78 trillion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the firm earned $5.33 EPS. On average, research analysts predict that Meta Platforms, Inc. will post 25.94 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued 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 0.28%. Meta Platforms’s dividend payout ratio (DPR) is 8.36%.

Insider Transactions at Meta Platforms

In other news, insider Nicholas Clegg sold 1,131 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $652,767.96. Following the transaction, the insider now directly owns 1,229 shares in the company, valued at $709,329.64. This trade represents a 47.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 12,975 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $696.39, for a total value of $9,035,660.25. Following the completion of the transaction, the chief executive officer now owns 210,971 shares in the company, valued at approximately $146,918,094.69. This trade represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 673,878 shares of company stock worth $416,269,904 in the last three months. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

META has been the subject of several analyst reports. Mizuho upped their price target on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Truist Financial upped their price target on Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price target on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Royal Bank of Canada upped their price target on Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, DA Davidson upped their price target on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $710.83.

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.