OneDigital Investment Advisors LLC Has $20.58 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

OneDigital Investment Advisors LLC lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,156 shares of the social networking company’s stock after selling 8,187 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Meta Platforms were worth $20,584,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Seelaus Asset Management LLC boosted its stake in Meta Platforms by 0.9% in the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company’s stock worth $960,000 after purchasing an additional 15 shares during the period. Meredith Wealth Planning boosted its stake in shares of Meta Platforms by 0.8% during the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company’s stock worth $1,097,000 after buying an additional 15 shares during the last quarter. Maiden Cove Capital LLC grew its stake in Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company’s stock valued at $282,000 after purchasing an additional 15 shares in the last quarter. Riverwater Partners LLC grew its stake in shares of Meta Platforms by 2.7% in the fourth quarter. Riverwater Partners LLC now owns 572 shares of the social networking company’s stock valued at $335,000 after buying an additional 15 shares in the last quarter. Finally, Stephens Consulting LLC grew its position in shares of Meta Platforms by 5.3% in the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock valued at $186,000 after acquiring an additional 16 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $618.00, for a total value of $255,234.00. Following the completion of the transaction, the chief operating officer now owns 16,275 shares in the company, valued at $10,057,950. This represents a 2.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Andrew Bosworth sold 5,060 shares of the firm’s stock in a transaction dated Saturday, February 15th. The stock was sold at an average price of $736.67, for a total transaction of $3,727,550.20. Following the sale, the chief technology officer now owns 5,139 shares of the company’s stock, valued at $3,785,747.13. This trade represents a 49.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 379,901 shares of company stock worth $260,806,516. 13.71% of the stock is owned by corporate insiders.

Meta Platforms Stock Performance

NASDAQ:META opened at $501.48 on Monday. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a fifty day moving average of $608.14 and a 200-day moving average of $607.21. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the business earned $5.33 EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is currently 8.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on META shares. JPMorgan Chase & Co. decreased their target price on Meta Platforms from $725.00 to $610.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald decreased their target price on Meta Platforms from $790.00 to $624.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company lifted their price target on Meta Platforms from $685.00 to $752.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Guggenheim decreased their price objective on Meta Platforms from $750.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Argus set a $775.00 price target on shares of Meta Platforms in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $684.10.

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.