Xponance Inc. Decreases Holdings in Meta Platforms, Inc. (NASDAQ:META)

Xponance Inc. reduced its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 522,618 shares of the social networking company’s stock after selling 3,137 shares during the quarter. Meta Platforms makes up approximately 2.2% of Xponance Inc.’s investment portfolio, making the stock its 6th biggest position. Xponance Inc.’s holdings in Meta Platforms were worth $184,986,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC raised its holdings in 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 worth $26,000 after purchasing an additional 75 shares during the period. Gilfoyle & Co LLC bought a new position in Meta Platforms in the 4th quarter worth $39,000. Cranbrook Wealth Management LLC raised its holdings in Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after purchasing an additional 45 shares during the period. Beaird Harris Wealth Management LLC raised its holdings 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 worth $31,000 after purchasing an additional 42 shares during the period. Finally, Stephens Investment Management Group LLC bought a new stake in Meta Platforms during the second quarter valued at about $30,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Down 0.9 %

Shares of NASDAQ:META opened at $497.10 on Friday. Meta Platforms, Inc. has a 1 year low of $207.13 and a 1 year high of $531.49. The business has a 50 day simple moving average of $494.29 and a two-hundred day simple moving average of $397.43. The firm has a market capitalization of $1.27 trillion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67.

Meta Platforms (NASDAQ:META) last posted its quarterly 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 firm had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the previous year, the firm posted $3.00 earnings per share. The company’s revenue was up 24.7% on a year-over-year basis. On average, equities analysts predict that Meta Platforms, Inc. will post 20.18 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is presently 13.42%.

Insider Activity

In other news, CFO Susan J. Li sold 10,956 shares of Meta Platforms 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 $5,185,255.68. Following the completion of the sale, the chief financial officer now owns 76,398 shares of the company’s stock, valued at $36,157,645.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Javier Olivan sold 490 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the transaction, the chief operating officer now owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the transaction, the chief financial officer now directly owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,421,182 shares of company stock valued at $677,574,550. Corporate insiders own 13.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Raymond James raised their price target on Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen raised their price target on Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Truist Financial raised their price target on Meta Platforms from $525.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday. Tigress Financial raised their price target on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada raised their price target on Meta Platforms from $400.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $519.53.

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.