Vima LLC Sells 113 Shares of Meta Platforms, Inc. (NASDAQ:META)

Vima LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 16.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 557 shares of the social networking company’s stock after selling 113 shares during the quarter. Vima LLC’s holdings in Meta Platforms were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. boosted its holdings in Meta Platforms by 4.8% in the 1st quarter. Financial Security Advisor Inc. now owns 1,894 shares of the social networking company’s stock worth $919,000 after buying an additional 86 shares during the period. Quattro Financial Advisors LLC grew its position in shares of Meta Platforms by 2,724.9% in the first quarter. Quattro Financial Advisors LLC now owns 10,000 shares of the social networking company’s stock valued at $4,856,000 after purchasing an additional 9,646 shares in the last quarter. Verum Partners LLC grew its position in shares of Meta Platforms by 5.7% in the first quarter. Verum Partners LLC now owns 663 shares of the social networking company’s stock valued at $322,000 after purchasing an additional 36 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at $212,000. Finally, West Oak Capital LLC lifted its holdings in Meta Platforms by 28.0% during the 1st quarter. West Oak Capital LLC now owns 480 shares of the social networking company’s stock worth $233,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 33,018 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total value of $17,101,342.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Meta Platforms news, CFO Susan J. Li sold 33,018 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total value of $17,101,342.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 6,534 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $505.04, for a total value of $3,299,931.36. Following the transaction, the chief executive officer now directly owns 116,108 shares of the company’s stock, valued at $58,639,184.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,573 shares of company stock valued at $133,019,910. 13.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on META. Loop Capital upped their price target on Meta Platforms from $550.00 to $575.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Truist Financial boosted their price objective on shares of Meta Platforms from $570.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays raised their price target on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday. Wolfe Research began coverage on shares of Meta Platforms in a report on Tuesday, July 16th. They issued an “outperform” rating and a $620.00 price target on the stock. Finally, UBS Group lifted their price objective on Meta Platforms from $690.00 to $719.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $634.37.

Meta Platforms Price Performance

META opened at $567.58 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. The stock has a market capitalization of $1.44 trillion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.22. The stock’s 50 day moving average price is $555.21 and its 200-day moving average price is $512.56. Meta Platforms, Inc. has a 52-week low of $296.86 and a 52-week high of $602.95.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data 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. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. On average, equities research analysts predict that Meta Platforms, Inc. will post 21.44 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Meta Platforms Company Profile

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.