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

Accent Capital Management LLC cut its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,422 shares of the social networking company’s stock after selling 536 shares during the period. Meta Platforms accounts for 6.2% of Accent Capital Management LLC’s portfolio, making the stock its 6th largest position. Accent Capital Management LLC’s holdings in Meta Platforms were worth $10,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in META. Seelaus Asset Management LLC lifted its position in shares of Meta Platforms by 0.9% during the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after purchasing an additional 15 shares during the last quarter. Meredith Wealth Planning lifted its holdings in Meta Platforms by 0.8% during the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after buying an additional 15 shares during the last quarter. Maiden Cove Capital LLC increased its holdings in shares of Meta Platforms by 3.2% in the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock valued at $282,000 after acquiring an additional 15 shares during the last quarter. Stephens Consulting LLC lifted its stake in Meta Platforms by 5.3% during the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock worth $186,000 after purchasing an additional 16 shares during the last quarter. Finally, VeraBank N.A. boosted its holdings in Meta Platforms by 0.8% in the fourth quarter. VeraBank N.A. now owns 1,954 shares of the social networking company’s stock worth $1,144,000 after purchasing an additional 16 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $627.05, for a total value of $577,513.05. Following the transaction, the insider now owns 31,182 shares in the company, valued at $19,552,673.10. This trade represents a 2.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $603.98, for a total transaction of $21,695,565.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 584,823 shares of company stock valued at $386,274,777. Insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on META shares. Oppenheimer raised their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Mizuho upped their target price on Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Barclays raised their price target on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Cantor Fitzgerald boosted their price target on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two equities research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $718.31.

Meta Platforms Stock Down 4.3 %

META opened at $576.74 on Friday. The company has a market capitalization of $1.46 trillion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The business has a 50-day moving average of $655.23 and a 200-day moving average of $608.48.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) 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 period in the previous year, the firm earned $5.33 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Friday, March 14th. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is 8.78%.

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.