Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Bokf Na

Bokf Na lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,281 shares of the social networking company’s stock after selling 1,122 shares during the quarter. Meta Platforms makes up approximately 1.0% of Bokf Na’s holdings, making the stock its 20th largest holding. Bokf Na’s holdings in Meta Platforms were worth $56,832,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in META. Millstone Evans Group LLC acquired a new stake in Meta Platforms in the 4th quarter worth about $40,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms during the 4th quarter worth about $41,000. WealthTrak Capital Management LLC acquired a new stake in shares of Meta Platforms in the fourth quarter worth approximately $43,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Meta Platforms in the fourth quarter worth approximately $45,000. Finally, Cordant Inc. purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $610.00 to $675.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Loop Capital reduced their target price on Meta Platforms from $900.00 to $695.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Benchmark dropped their price target on Meta Platforms from $820.00 to $640.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. DA Davidson reduced their price objective on Meta Platforms from $800.00 to $650.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Pivotal Research decreased their target price on Meta Platforms from $875.00 to $830.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $696.45.

Meta Platforms Stock Performance

Shares of META stock opened at $599.27 on Tuesday. The company has a market cap of $1.52 trillion, a P/E ratio of 25.05, a PEG ratio of 1.42 and a beta of 1.24. The business has a 50 day moving average of $573.80 and a two-hundred day moving average of $604.15. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. During the same quarter in the previous year, the firm posted $4.71 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, analysts anticipate 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 was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is 8.19%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 55,589 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total value of $39,897,337.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 406 shares of the business’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $491.69, for a total value of $199,626.14. Following the transaction, the chief operating officer now owns 4,608 shares of the company’s stock, valued at $2,265,707.52. This trade represents a 8.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,724 shares of company stock worth $157,259,224 in the last ninety days. 13.71% of the stock is owned by insiders.

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.