Telos Capital Management Inc. Sells 146 Shares of Meta Platforms, Inc. (NASDAQ:META)

Telos Capital Management Inc. lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.3% during the fourth quarter, HoldingsChannel reports. The fund owned 11,092 shares of the social networking company’s stock after selling 146 shares during the quarter. Telos Capital Management Inc.’s holdings in Meta Platforms were worth $6,494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of META. JDM Financial Group LLC acquired a new stake in shares of Meta Platforms in the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms in the third quarter valued at approximately $36,000. Avondale Wealth Management acquired a new stake in Meta Platforms during the 4th quarter valued at approximately $41,000. Cordant Inc. bought a new position in Meta Platforms during the 4th quarter worth approximately $59,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Meta Platforms in the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the subject of several recent analyst reports. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research report on Friday, January 24th. UBS Group lifted their price objective on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Sanford C. Bernstein upped their target price on Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Finally, Roth Mkm raised their price objective on shares of Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,951 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares in the company, valued at approximately $29,776,261.56. This represents a 14.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Andrew Bosworth sold 5,057 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $577.16, for a total value of $2,918,698.12. Following the completion of the transaction, the chief technology officer now owns 8,565 shares in the company, valued at $4,943,375.40. The trade was a 37.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 756,735 shares of company stock valued at $475,285,232. Company insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 0.3 %

NASDAQ:META opened at $719.80 on Wednesday. The company has a market cap of $1.82 trillion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 1.46 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 company has a 50 day simple moving average of $631.85 and a two-hundred day simple moving average of $578.74. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $725.01.

Meta Platforms (NASDAQ:META) last announced its 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 business earned $5.33 earnings per share. Research analysts forecast that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business 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 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 presently 8.36%.

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.