Bluesphere Advisors LLC Has $353,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

Bluesphere Advisors LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 997 shares of the social networking company’s stock after acquiring an additional 80 shares during the quarter. Bluesphere Advisors LLC’s holdings in Meta Platforms were worth $353,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in META. Stone House Investment Management LLC grew its position in shares of 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 purchasing an additional 75 shares in the last quarter. 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 valued at $31,000 after acquiring an additional 42 shares in the last quarter. PayPay Securities Corp lifted its position in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the period. Cranbrook Wealth Management LLC increased its position in shares of Meta Platforms by 80.4% in the fourth 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. Finally, Gilfoyle & Co LLC acquired a new position in Meta Platforms in the fourth quarter valued at about $39,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In related news, CFO Susan J. Li sold 10,956 shares of Meta Platforms stock in a transaction dated 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 sale, the chief financial officer now directly owns 76,398 shares in the company, valued at $36,157,645.44. The transaction was disclosed in a 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 transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now owns 79,944 shares in the company, valued at approximately $39,015,070.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 76,398 shares in the company, valued at approximately $36,157,645.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,277,048 shares of company stock valued at $620,679,759. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Trading Down 2.2 %

META stock traded down $9.83 during midday trading on Monday, reaching $433.46. 13,774,828 shares of the company traded hands, compared to its average volume of 18,326,996. The firm has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.15 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The business has a 50 day moving average of $494.48 and a 200-day moving average of $405.39. Meta Platforms, Inc. has a 52-week low of $229.85 and a 52-week high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data 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 business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Analyst Upgrades and Downgrades

META has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. JMP Securities reiterated a “market outperform” rating and set a $550.00 price target on shares of Meta Platforms in a report on Monday, April 22nd. Jefferies Financial Group reduced their price objective on Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday. Tigress Financial boosted their price target on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a report on Friday, February 9th. Finally, Evercore ISI lifted their target price on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.18.

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.