Kintegral Advisory LLC Sells 849 Shares of Meta Platforms, Inc. (NASDAQ:META)

Kintegral Advisory LLC cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,208 shares of the social networking company’s stock after selling 849 shares during the period. Meta Platforms accounts for 1.0% of Kintegral Advisory LLC’s holdings, making the stock its 17th biggest holding. Kintegral Advisory LLC’s holdings in Meta Platforms were worth $10,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Meta Platforms by 1.5% in the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after acquiring an additional 698,884 shares in the last quarter. Jennison Associates LLC boosted its stake in Meta Platforms by 1.9% in the third quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after acquiring an additional 263,063 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Meta Platforms by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after acquiring an additional 118,298 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Meta Platforms by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock worth $4,101,602,000 after purchasing an additional 186,728 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Meta Platforms by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 6,565,134 shares of the social networking company’s stock worth $3,758,146,000 after purchasing an additional 289,207 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $665.75, for a total value of $613,155.75. Following the transaction, the insider now directly owns 34,866 shares of the company’s stock, valued at $23,212,039.50. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $577.49, for a total transaction of $238,503.37. Following the completion of the transaction, the chief operating officer now directly owns 19,166 shares in the company, valued at $11,068,173.34. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 813,951 shares of company stock valued at $526,565,232. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Trading Up 1.5 %

Shares of Meta Platforms stock opened at $668.20 on Friday. The firm has a market capitalization of $1.69 trillion, a PE ratio of 27.93, a P/E/G ratio of 1.42 and a beta of 1.20. The firm’s 50-day moving average price is $653.18 and its 200 day moving average price is $596.12. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the firm earned $5.33 EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS 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. Stockholders of record on Friday, March 14th will be paid a $0.525 dividend. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on META shares. Citigroup raised their price objective on Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $811.00 target price on shares of Meta Platforms in a research note on Monday, January 27th. Tigress Financial restated a “strong-buy” rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Benchmark raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” 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 given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $719.26.

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.