Meta Platforms, Inc. (NASDAQ:META) Stock Position Lessened by 180 Wealth Advisors LLC

180 Wealth Advisors LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,832 shares of the social networking company’s stock after selling 242 shares during the period. Meta Platforms makes up approximately 1.4% of 180 Wealth Advisors LLC’s holdings, making the stock its 9th largest holding. 180 Wealth Advisors LLC’s holdings in Meta Platforms were worth $8,684,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of META. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the 3rd quarter valued at about $36,000. Avondale Wealth Management purchased a new stake in Meta Platforms during the 4th quarter valued at approximately $41,000. Halpern Financial Inc. purchased a new position in shares of Meta Platforms in the 3rd quarter valued at approximately $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $594.25 on Wednesday. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40. The business’s 50-day moving average price is $595.02 and its 200 day moving average price is $554.81. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.50 trillion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, research analysts predict that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 9.42%.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $574.70, for a total value of $520,103.50. Following the transaction, the insider now owns 32,387 shares in the company, valued at approximately $18,612,808.90. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.48, for a total transaction of $4,038,190.08. Following the sale, the insider now owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. This represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 423,427 shares of company stock worth $256,996,450. 13.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JMP Securities upped their price objective on shares of Meta Platforms from $660.00 to $750.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 2nd. Monness Crespi & Hardt raised their price objective on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James reissued a “strong-buy” rating and issued a $675.00 price target on shares of Meta Platforms in a report on Monday, November 25th. Finally, BMO Capital Markets upped their price objective on Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $650.05.

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.