Invesco LLC Has $1.49 Million Position in Meta Platforms, Inc. (NASDAQ:META)

Invesco LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,202 shares of the social networking company’s stock after selling 108 shares during the quarter. Invesco LLC’s holdings in Meta Platforms were worth $1,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in META. Stone House Investment Management LLC boosted its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Gilfoyle & Co LLC bought a new position in Meta Platforms during the fourth quarter worth about $39,000. Cranbrook Wealth Management LLC boosted its holdings in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in Meta Platforms during the second quarter worth about $30,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $5,185,255.68. Following the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,459,469 shares of company stock worth $691,726,161. 14.03% of the stock is owned by company insiders.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $500.23 on Tuesday. The business’s fifty day simple moving average is $492.26 and its 200 day simple moving average is $394.61. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $207.13 and a 12 month high of $531.49. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.51. The firm had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business’s revenue was up 24.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.00 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.06 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s payout ratio is 13.42%.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Meta Platforms from $500.00 to $555.00 and gave the company a “buy” rating in a research report on Monday. Wolfe Research boosted their target price on Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Oppenheimer boosted their price target on Meta Platforms from $525.00 to $585.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Susquehanna boosted their price target on Meta Platforms from $400.00 to $550.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Finally, Truist Financial boosted their price target on Meta Platforms from $405.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $507.28.

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.