My Personal CFO LLC Sells 1,719 Shares of Meta Platforms, Inc. $META

My Personal CFO LLC decreased its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 83.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349 shares of the social networking company’s stock after selling 1,719 shares during the quarter. My Personal CFO LLC’s holdings in Meta Platforms were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Goldstone Financial Group LLC lifted its holdings in shares of Meta Platforms by 44.4% during the 3rd quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company’s stock valued at $2,756,000 after purchasing an additional 1,153 shares in the last quarter. Spirepoint Private Client LLC raised its holdings in Meta Platforms by 2.7% during the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after buying an additional 109 shares during the period. Diversify Advisory Services LLC lifted its stake in Meta Platforms by 10.4% in the second quarter. Diversify Advisory Services LLC now owns 55,431 shares of the social networking company’s stock valued at $43,790,000 after buying an additional 5,224 shares in the last quarter. CW Advisors LLC lifted its stake in Meta Platforms by 27.8% in the second quarter. CW Advisors LLC now owns 176,762 shares of the social networking company’s stock valued at $130,467,000 after buying an additional 38,432 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Meta Platforms by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company’s stock valued at $155,387,000 after buying an additional 20,912 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of the company’s stock in a transaction on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $4,190,037.50. Following the transaction, the chief financial officer directly owned 88,370 shares in the company, valued at $53,857,980.20. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 600 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $609.35, for a total transaction of $365,610.00. Following the completion of the transaction, the director directly owned 7,347 shares in the company, valued at $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,038 shares of company stock worth $25,533,240 in the last three months. 13.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on META. Wells Fargo & Company cut their price objective on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Citizens Jmp restated an “outperform” rating and issued a $900.00 price target (up from $750.00) on shares of Meta Platforms in a report on Monday, November 24th. Barclays reduced their price objective on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of Meta Platforms in a research report on Thursday, December 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,117.00 price target on shares of Meta Platforms in a research report on Tuesday, December 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $822.22.

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Meta Platforms Stock Up 0.3%

NASDAQ:META opened at $660.62 on Wednesday. The firm has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock’s 50 day moving average price is $643.64 and its two-hundred day moving average price is $704.73. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.03 EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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