Curran Financial Partners LLC Sells 70 Shares of Meta Platforms, Inc. (NASDAQ:META)

Curran Financial Partners LLC trimmed its stake in Meta Platforms, Inc. (NASDAQ:META) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 846 shares of the social networking company’s stock after selling 70 shares during the period. Curran Financial Partners LLC’s holdings in Meta Platforms were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Stone House Investment Management LLC lifted its stake in shares of Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth approximately $26,000. Stephens Investment Management Group LLC bought a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $30,000. Beaird Harris Wealth Management LLC lifted its stake in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares during the last quarter. Finally, PayPay Securities Corp lifted its stake in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after acquiring an additional 43 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $17.28 during trading on Thursday, hitting $511.45. 6,233,345 shares of the company’s stock traded hands, compared to its average volume of 16,931,227. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The firm’s fifty day moving average price is $493.65 and its 200 day moving average price is $396.70. Meta Platforms, Inc. has a twelve month low of $207.13 and a twelve month high of $531.49. The company has a market cap of $1.30 trillion, a PE ratio of 34.20, a PEG ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same period in the previous year, the business earned $3.00 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. Analysts forecast that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.39%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Monness Crespi & Hardt raised their price objective on Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company lowered their price target on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Truist Financial boosted their price objective on Meta Platforms from $525.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group lifted their price target on Meta Platforms from $530.00 to $610.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Bank of America boosted their price objective on Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $519.53.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $381.77, for a total transaction of $7,513,615.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Javier Olivan sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $388.90, for a total transaction of $3,500,100.00. Following the sale, the chief operating officer now directly owns 79,935 shares of the company’s stock, valued at $31,086,721.50. The disclosure for this sale can be found here. Insiders sold 1,440,278 shares of company stock valued at $684,796,490 in the last ninety days. Insiders own 13.75% of the company’s stock.

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.