Telos Capital Management Inc. Sells 377 Shares of Meta Platforms, Inc. (NASDAQ:META)

Telos Capital Management Inc. trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,814 shares of the social networking company’s stock after selling 377 shares during the quarter. Telos Capital Management Inc.’s holdings in Meta Platforms were worth $4,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in META. Stone House Investment Management LLC increased its position in 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 purchasing an additional 75 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in Meta Platforms in the 4th quarter valued at approximately $26,000. Stephens Investment Management Group LLC acquired a new position in Meta Platforms in the 2nd quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC increased its position in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the period. Finally, PayPay Securities Corp increased its position in Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $517.75, for a total transaction of $253,697.50. Following the transaction, the chief operating officer now directly owns 7,579 shares of the company’s stock, valued at $3,924,027.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $517.75, for a total transaction of $253,697.50. Following the completion of the sale, the chief operating officer now owns 7,579 shares in the company, valued at $3,924,027.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 97,093 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The disclosure for this sale can be found here. Insiders have sold 1,440,278 shares of company stock valued at $684,796,490 over the last ninety days. Corporate insiders own 13.75% of the company’s stock.

Meta Platforms Stock Down 1.1 %

Meta Platforms stock opened at $494.17 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $493.65 and its two-hundred day moving average price is $396.70. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The firm has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same period last year, the firm earned $3.00 earnings per share. The firm’s revenue was up 24.7% on a year-over-year basis. On average, equities research analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 13.42%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on META shares. Morgan Stanley upped their price target on shares of Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price target on shares of Meta Platforms from $500.00 to $555.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets upped their price target on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $420.00 to $535.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Evercore ISI increased their price objective on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $518.15.

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.