Bank Hapoalim BM Cuts Position in Meta Platforms, Inc. (NASDAQ:META)

Bank Hapoalim BM decreased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,195 shares of the social networking company’s stock after selling 103 shares during the period. Bank Hapoalim BM’s holdings in Meta Platforms were worth $2,456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms during the third quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms during the 3rd quarter valued at approximately $36,000. Avondale Wealth Management purchased a new stake in Meta Platforms in the 4th quarter worth approximately $41,000. Cordant Inc. bought a new stake in shares of Meta Platforms in the 4th quarter worth approximately $59,000. Finally, Reston Wealth Management LLC bought a new position in Meta Platforms in the 3rd quarter worth $61,000. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on META shares. Mizuho increased their target price on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Wells Fargo & Company raised their price objective on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Bank of America upped their target price on shares of Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Robert W. Baird lifted their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets upped their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Two equities research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $710.83.

Meta Platforms Trading Up 0.4 %

Meta Platforms stock opened at $714.52 on Monday. The firm has a 50-day moving average price of $627.23 and a two-hundred day moving average price of $575.09. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $725.01. The firm has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.46 and a beta of 1.20. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

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, 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 period in the prior year, the company earned $5.33 earnings per share. Sell-side analysts expect that Meta Platforms, Inc. will post 26.66 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is 8.36%.

Insiders Place Their Bets

In other Meta Platforms news, insider Nicholas Clegg sold 7,296 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the transaction, the insider now owns 38,695 shares in the company, valued at approximately $21,416,908.60. This represents a 15.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction 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 directly owns 8,565 shares of the company’s stock, valued at approximately $4,943,375.40. The trade was a 37.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 701,146 shares of company stock worth $435,387,895 over the last ninety days. 13.71% of the stock is currently owned by company insiders.

Meta Platforms 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.