Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,397 shares of the social networking company’s stock after selling 305 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Meta Platforms were worth $848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in META. Stone House Investment Management LLC boosted 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 acquiring an additional 75 shares during the period. Beaird Harris Wealth Management LLC boosted its position in 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 period. PayPay Securities Corp boosted its position in 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 period. Cranbrook Wealth Management LLC boosted its position in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares during the period. Finally, Gilfoyle & Co LLC acquired a new position in Meta Platforms during the 4th quarter worth $39,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.9 %

Shares of META traded up $3.71 during trading hours on Wednesday, hitting $433.88. 5,792,635 shares of the company were exchanged, compared to its average volume of 18,275,598. The company has a market cap of $1.11 trillion, a PE ratio of 24.87, a PEG ratio of 1.12 and a beta of 1.20. The firm’s 50 day moving average is $492.83 and its 200-day moving average is $406.97. Meta Platforms, Inc. has a 52 week low of $229.85 and a 52 week high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. On average, equities research analysts forecast that Meta Platforms, Inc. will post 20.17 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.46%. Meta Platforms’s payout ratio is 11.49%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Robert W. Baird cut their price objective on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Canaccord Genuity Group upped their price objective on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Meta Platforms from $540.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Evercore ISI upped their price objective on Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $509.18.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 34,398 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Meta Platforms news, CFO Susan J. Li sold 10,956 shares of the company’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 value of $5,185,255.68. Following the completion of the transaction, the chief financial officer now owns 76,398 shares of the company’s stock, valued at approximately $36,157,645.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 34,398 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total value of $15,737,772.96. The disclosure for this sale can be found here. Insiders sold a total of 1,257,291 shares of company stock worth $612,916,087 in the last 90 days. 13.71% of the stock is owned by company 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.