Catalyst Capital Advisors LLC Has $5.61 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Catalyst Capital Advisors LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,586 shares of the social networking company’s stock after acquiring an additional 1,023 shares during the period. Catalyst Capital Advisors LLC’s holdings in Meta Platforms were worth $5,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its stake in Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after acquiring an additional 4,126,190 shares during the period. Strategic Financial Concepts LLC grew its stake in Meta Platforms by 87,269.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after buying an additional 1,066,437 shares during the last quarter. World Investment Advisors LLC grew its stake in Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after buying an additional 890,434 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after purchasing an additional 698,884 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Meta Platforms by 14.6% during the third quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock worth $2,471,822,000 after purchasing an additional 550,852 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on META shares. Cantor Fitzgerald increased their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a report on Tuesday, February 11th. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a report on Friday, January 24th. Monness Crespi & Hardt upped their target price on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets upped their target price on shares of Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $719.26.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $565.30, for a total value of $511,596.50. Following the sale, the insider now directly owns 37,790 shares of the company’s stock, valued at approximately $21,362,687. This represents a 2.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $577.49, for a total transaction of $238,503.37. Following the completion of the sale, the chief operating officer now directly owns 19,166 shares in the company, valued at approximately $11,068,173.34. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 809,804 shares of company stock worth $523,576,440. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Trading Down 1.6 %

Shares of Meta Platforms stock opened at $683.62 on Monday. The firm has a market capitalization of $1.73 trillion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $647.09 and its 200 day moving average is $591.96. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $5.33 EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.525 dividend. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio is 8.78%.

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.