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

Physician Wealth Advisors Inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,147 shares of the social networking company’s stock after selling 289 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Meta Platforms were worth $820,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fairfield Bush & CO. bought a new position in shares of Meta Platforms during the first quarter valued at approximately $66,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Meta Platforms by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after buying an additional 249,926 shares during the last quarter. Ergoteles LLC increased its position in Meta Platforms by 284.0% in the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock worth $746,000 after buying an additional 2,482 shares during the period. First Western Trust Bank bought a new stake in Meta Platforms in the first quarter valued at $813,000. Finally, Oxford Financial Group Ltd. boosted its holdings in shares of Meta Platforms by 26.9% during the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock valued at $420,000 after acquiring an additional 400 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 566 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $356.40, for a total value of $201,722.40. Following the completion of the transaction, the insider now owns 36,418 shares in the company, valued at approximately $12,979,375.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The disclosure for this sale can be found here. Insiders have sold a total of 1,502,805 shares of company stock valued at $703,056,383 in the last three months. Company insiders own 14.03% of the company’s stock.

Meta Platforms Stock Up 1.2 %

Shares of Meta Platforms stock opened at $497.37 on Wednesday. Meta Platforms, Inc. has a 12-month low of $207.13 and a 12-month high of $523.57. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $473.50 and a two-hundred day moving average price of $381.00. The stock has a market capitalization of $1.27 trillion, a P/E ratio of 33.38, a PEG ratio of 1.26 and a beta of 1.20.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the prior year, the firm earned $3.00 EPS. Meta Platforms’s quarterly revenue was up 24.7% compared to the same quarter last year. Equities analysts expect that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI boosted their target price on shares of Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Guggenheim increased their price objective on Meta Platforms from $380.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Raymond James lifted their target price on Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Barclays boosted their price target on Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised their price target on Meta Platforms from $420.00 to $535.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $496.35.

View Our Latest Analysis on Meta Platforms

Meta Platforms Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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