RJA Asset Management LLC Has $15.21 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

RJA Asset Management LLC trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,969 shares of the social networking company’s stock after selling 2,000 shares during the quarter. Meta Platforms comprises about 3.7% of RJA Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. RJA Asset Management LLC’s holdings in Meta Platforms were worth $15,205,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB grew its position in Meta Platforms by 32.5% during the 3rd quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock valued at $261,680,000 after purchasing an additional 112,047 shares during the last quarter. Howard Capital Management Group LLC grew its stake in shares of Meta Platforms by 17.9% in the third quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock worth $946,000 after acquiring an additional 251 shares during the period. OMNI 360 Wealth Inc. grew its stake in shares of Meta Platforms by 47.0% in the third quarter. OMNI 360 Wealth Inc. now owns 991 shares of the social networking company’s stock worth $567,000 after acquiring an additional 317 shares during the period. Sterling Investment Advisors Ltd. grew its position in Meta Platforms by 2.3% during the third quarter. Sterling Investment Advisors Ltd. now owns 5,877 shares of the social networking company’s stock valued at $3,364,000 after buying an additional 134 shares during the period. Finally, Motiv8 Investments LLC grew its position in Meta Platforms by 17.5% during the third quarter. Motiv8 Investments LLC now owns 1,708 shares of the social networking company’s stock valued at $978,000 after buying an additional 255 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 19,166 shares of the company’s stock, valued at $11,068,173.34. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $665.75, for a total transaction of $613,155.75. Following the sale, the insider now directly owns 34,866 shares in the company, valued at $23,212,039.50. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 813,951 shares of company stock valued at $526,565,232 in the last 90 days. 13.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on META shares. DA Davidson lifted their price target on shares of Meta Platforms from $700.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Rosenblatt Securities restated a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research report on Monday, January 27th. Pivotal Research boosted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Piper Sandler boosted 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $719.26.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $658.24 on Friday. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The company has a 50 day moving average price of $651.52 and a 200 day moving average price of $595.06. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.67 trillion, a P/E ratio of 27.52, a PEG ratio of 1.42 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share 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 prior year, the firm posted $5.33 EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.32%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

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.