Seven Post Investment Office LP Trims Holdings in Meta Platforms, Inc. (NASDAQ:META)

Seven Post Investment Office LP cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 63.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030 shares of the social networking company’s stock after selling 1,807 shares during the quarter. Meta Platforms makes up 0.2% of Seven Post Investment Office LP’s investment portfolio, making the stock its 25th largest position. Seven Post Investment Office LP’s holdings in Meta Platforms were worth $603,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fiera Capital Corp lifted its position in Meta Platforms by 35.1% during the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after buying an additional 7,089 shares during the period. Harmony Asset Management LLC lifted its holdings in shares of Meta Platforms by 55.9% during the 2nd quarter. Harmony Asset Management LLC now owns 1,624 shares of the social networking company’s stock worth $819,000 after acquiring an additional 582 shares during the period. Nippon Life Global Investors Americas Inc. boosted its position in shares of Meta Platforms by 6.2% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 90,060 shares of the social networking company’s stock worth $45,410,000 after acquiring an additional 5,250 shares during the last quarter. J. Stern & Co. LLP grew its holdings in Meta Platforms by 4.2% in the second quarter. J. Stern & Co. LLP now owns 111,306 shares of the social networking company’s stock valued at $56,123,000 after purchasing an additional 4,487 shares during the period. Finally, Steel Grove Capital Advisors LLC increased its position in Meta Platforms by 22.4% during the second quarter. Steel Grove Capital Advisors LLC now owns 2,095 shares of the social networking company’s stock worth $1,056,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on META shares. Roth Mkm upped their price objective on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities upped their price target on Meta Platforms from $660.00 to $750.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 2nd. Robert W. Baird lifted their price objective on Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Scotiabank dropped their target price on shares of Meta Platforms from $585.00 to $583.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. Finally, Monness Crespi & Hardt lifted their price target on shares of Meta Platforms from $620.00 to $660.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $652.98.

Meta Platforms Trading Up 1.1 %

NASDAQ META opened at $623.50 on Thursday. The firm has a market capitalization of $1.57 trillion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. Meta Platforms, Inc. has a one year low of $382.08 and a one year high of $638.40. The company has a 50-day simple moving average of $598.87 and a 200-day simple moving average of $558.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, equities analysts forecast that Meta Platforms, Inc. will post 22.96 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

Insider Activity

In other news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $574.16, for a total transaction of $237,128.08. Following the completion of the transaction, the chief operating officer now directly owns 10,707 shares in the company, valued at approximately $6,147,531.12. The trade was a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction on Monday, November 18th. The shares were sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 567,111 shares of company stock valued at $345,453,784. 13.71% of the stock is currently owned by company insiders.

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.