Meta Platforms, Inc. (NASDAQ:META) Holdings Lowered by Vahanian & Associates Financial Planning Inc.

Vahanian & Associates Financial Planning Inc. trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,230 shares of the social networking company’s stock after selling 375 shares during the period. Meta Platforms comprises about 1.7% of Vahanian & Associates Financial Planning Inc.’s holdings, making the stock its 19th biggest holding. Vahanian & Associates Financial Planning Inc.’s holdings in Meta Platforms were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Stone House Investment Management LLC lifted its stake in Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in Meta Platforms in the 4th quarter worth about $26,000. Stephens Investment Management Group LLC purchased a new stake in Meta Platforms in the 2nd quarter worth about $30,000. Beaird Harris Wealth Management LLC lifted its stake in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares in the last quarter. Finally, PayPay Securities Corp raised its stake 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 worth $33,000 after purchasing an additional 43 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $527.34 on Monday. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $530.70. The firm has a market capitalization of $1.34 trillion, a PE ratio of 35.39, a PEG ratio of 1.36 and a beta of 1.20. The business’s 50 day moving average is $480.84 and its 200-day moving average is $385.49. 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 announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same quarter last year, the firm earned $3.00 EPS. Meta Platforms’s revenue for the quarter was up 24.7% compared to the same quarter last year. Sell-side analysts predict that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.38%. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, March 8th. The stock was sold at an average price of $513.32, for a total value of $251,526.80. Following the completion of the transaction, the chief operating officer now owns 10,029 shares in the company, valued at approximately $5,148,086.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Mark Zuckerberg sold 16,776 shares of Meta Platforms stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $368.89, for a total transaction of $6,188,498.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, March 8th. The stock was sold at an average price of $513.32, for a total value of $251,526.80. Following the sale, the chief operating officer now directly owns 10,029 shares of the company’s stock, valued at $5,148,086.28. The disclosure for this sale can be found here. Insiders sold 1,495,983 shares of company stock worth $705,134,392 in the last 90 days. 14.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised their price target on Meta Platforms from $550.00 to $585.00 and gave the stock a “buy” rating in a research note on Thursday. Monness Crespi & Hardt raised their price target on Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Mizuho raised their price target on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird raised their price target on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Tigress Financial raised their price target on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $499.38.

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.