Oak Family Advisors LLC Reduces Stake in Meta Platforms, Inc. (NASDAQ:META)

Oak Family Advisors LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,180 shares of the social networking company’s stock after selling 1,657 shares during the period. Oak Family Advisors LLC’s holdings in Meta Platforms were worth $2,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Stockton raised its holdings in shares of Meta Platforms by 9.2% in the 4th quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after acquiring an additional 400 shares in the last quarter. Signify Wealth bought a new position in shares of Meta Platforms during the 4th quarter valued at about $228,000. Investment Research & Advisory Group Inc. increased its position in shares of Meta Platforms by 1.5% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after purchasing an additional 164 shares during the last quarter. Keel Point LLC increased its position in shares of Meta Platforms by 6.3% during the 3rd quarter. Keel Point LLC now owns 6,690 shares of the social networking company’s stock valued at $2,008,000 after purchasing an additional 399 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC bought a new position in shares of Meta Platforms during the 4th quarter valued at about $269,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction on Friday, January 19th. The stock was sold at an average price of $381.77, for a total transaction of $7,513,615.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction on Friday, January 19th. The stock was sold at an average price of $381.77, for a total transaction of $7,513,615.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the transaction, the insider now owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,459,469 shares of company stock worth $691,726,161. 14.03% of the stock is owned by insiders.

Meta Platforms Trading Down 0.2 %

META opened at $499.47 on Tuesday. The stock has a market cap of $1.27 trillion, a PE ratio of 33.57, a PEG ratio of 1.31 and a beta of 1.20. 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 business has a 50 day moving average of $492.26 and a 200-day moving average of $394.61. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Analyst Ratings Changes

META has been the topic of several recent research reports. Tigress Financial increased their price objective on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Bank of America increased their price objective on Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho increased their price objective on Meta Platforms from $470.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein increased their price objective on Meta Platforms from $435.00 to $535.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, KeyCorp raised their price target on Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. One investment 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. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $509.28.

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.