MRA Advisory Group Sells 59 Shares of Meta Platforms, Inc. (NASDAQ:META)

MRA Advisory Group cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,868 shares of the social networking company’s stock after selling 59 shares during the period. Meta Platforms accounts for approximately 1.8% of MRA Advisory Group’s portfolio, making the stock its 15th biggest holding. MRA Advisory Group’s holdings in Meta Platforms were worth $3,436,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in META. International Assets Investment Management LLC grew its holdings in shares of Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after purchasing an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after purchasing an additional 4,126,190 shares during the period. Sustainable Growth Advisers LP acquired a new stake in Meta Platforms during the second quarter worth $595,152,000. World Investment Advisors LLC increased its holdings in Meta Platforms by 4,658.5% in the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after buying an additional 890,434 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after buying an additional 698,884 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $594.25 on Wednesday. The firm has a market capitalization of $1.50 trillion, a P/E ratio of 27.99, a PEG ratio of 1.36 and a beta of 1.19. The business has a 50-day moving average of $595.02 and a 200-day moving average of $554.81. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 1 year low of $358.61 and a 1 year high of $638.40.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. On average, equities analysts anticipate that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is 9.42%.

Wall Street Analysts Forecast Growth

META has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a research report on Thursday, October 31st. Truist Financial lifted their price objective on Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group increased their target price on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. JMP Securities boosted their price target on Meta Platforms from $660.00 to $750.00 and gave the company a “market outperform” rating in a research note on Thursday, January 2nd. Finally, KeyCorp increased their price objective on Meta Platforms from $655.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $650.05.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $580.65, for a total value of $239,808.45. Following the sale, the chief operating officer now owns 11,120 shares of the company’s stock, valued at $6,456,828. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 12,975 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $615.41, for a total value of $7,984,944.75. Following the transaction, the chief executive officer now directly owns 381,290 shares of the company’s stock, valued at $234,649,678.90. This represents a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 423,427 shares of company stock worth $256,996,450 over the last ninety days. Company insiders own 13.71% of the company’s stock.

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.