Meta Platforms, Inc. (NASDAQ:META) Stock Position Lowered by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,110 shares of the social networking company’s stock after selling 500 shares during the quarter. Meta Platforms comprises 3.3% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 6th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Meta Platforms were worth $63,299,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. JDM Financial Group LLC purchased a new stake in Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms in the 3rd quarter worth approximately $36,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $41,000. Cordant Inc. purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $59,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Meta Platforms during the 3rd quarter valued at $61,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Up 0.8 %

Shares of Meta Platforms stock opened at $725.38 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market capitalization of $1.84 trillion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $727.10. The company has a 50-day simple moving average of $634.08 and a two-hundred day simple moving average of $579.77.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period in the previous year, the firm earned $5.33 earnings per share. On average, analysts anticipate that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a yield of 0.28%. Meta Platforms’s dividend payout ratio (DPR) is 8.36%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on META. Roth Mkm raised their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on shares of Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. TD Cowen raised their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. UBS Group raised their price objective on shares of Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group increased their target price on shares of Meta Platforms from $688.00 to $765.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two investment 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. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Insiders Place Their Bets

In other news, CFO Susan J. Li sold 18,644 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $553.55, for a total value of $10,320,386.20. Following the sale, the chief financial officer now owns 46,769 shares of the company’s stock, valued at approximately $25,888,979.95. This represents a 28.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 19,668 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $721.69, for a total transaction of $14,194,198.92. The disclosure for this sale can be found here. Insiders sold a total of 812,198 shares of company stock worth $515,102,208 over the last three months. 13.71% of the stock is currently owned by company insiders.

Meta Platforms 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.