Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,646 shares of the social networking company’s stock after selling 60 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Meta Platforms were worth $3,060,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Stone House Investment Management LLC boosted its holdings in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 42 shares during the last quarter. Stephens Investment Management Group LLC acquired a new position in shares of Meta Platforms in the 2nd quarter valued at $30,000. PayPay Securities Corp boosted its holdings in shares of 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 purchasing an additional 43 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Meta Platforms in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 62.87% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META traded up $1.82 on Friday, hitting $509.58. The stock had a trading volume of 8,117,199 shares, compared to its average volume of 18,378,908. Meta Platforms, Inc. has a one year low of $197.90 and a one year high of $523.57. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.30 trillion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 1.30 and a beta of 1.21. The company’s 50-day moving average is $454.49 and its two-hundred day moving average is $369.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.00 EPS. On average, analysts expect that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein lifted their price target on shares of Meta Platforms from $435.00 to $535.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Truist Financial lifted their target price on shares of Meta Platforms from $405.00 to $525.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Oppenheimer lifted their target price on shares of Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Roth Mkm restated a “buy” rating and set a $500.00 target price on shares of Meta Platforms in a report on Monday. Finally, Guggenheim lifted their target price on shares of Meta Platforms from $380.00 to $520.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.35.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 8,036 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now directly owns 18,432 shares of the company’s stock, valued at approximately $8,723,496.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Andrew Bosworth sold 8,036 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $3,803,278.08. Following the completion of the sale, the chief technology officer now directly owns 18,432 shares of the company’s stock, valued at $8,723,496.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 97,093 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were 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. In the last three months, insiders sold 1,365,299 shares of company stock valued at $626,512,270. Company insiders own 13.75% of the company’s stock.

About Meta Platforms

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.