Sloy Dahl & Holst LLC Trims Holdings in Meta Platforms, Inc. (NASDAQ:META)

Sloy Dahl & Holst LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,597 shares of the social networking company’s stock after selling 165 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Meta Platforms were worth $565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in META. Stone House Investment Management LLC raised its position in shares of Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $26,000. Stephens Investment Management Group LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC raised its position in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Finally, PayPay Securities Corp raised its position in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Javier Olivan sold 490 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, COO Javier Olivan sold 490 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at approximately $39,015,070.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $381.77, for a total value of $7,513,615.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,439,788 shares of company stock valued at $684,542,792. Corporate insiders own 14.03% of the company’s stock.

Meta Platforms Trading Down 0.5 %

Shares of NASDAQ:META traded down $2.65 during midday trading on Wednesday, reaching $497.11. The company had a trading volume of 2,216,606 shares, compared to its average volume of 16,939,840. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The firm has a market cap of $1.27 trillion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The company has a fifty day simple moving average of $493.16 and a two-hundred day simple moving average of $396.01.

Meta Platforms (NASDAQ:META) last announced 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. The firm had revenue of $40.11 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.00 EPS. Research analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

META has been the topic of several analyst reports. Susquehanna increased their target price on Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Tigress Financial increased their target price on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 9th. BMO Capital Markets increased their target price on Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley increased their target price on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.28.

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.