MV Capital Management Inc. Has $1.14 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

MV Capital Management Inc. trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,938 shares of the social networking company’s stock after selling 56 shares during the period. MV Capital Management Inc.’s holdings in Meta Platforms were worth $1,135,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of META. Vanguard Group Inc. raised its stake in shares of Meta Platforms by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock valued at $111,948,344,000 after acquiring an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC boosted its position in Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after purchasing an additional 698,884 shares during the period. Norges Bank acquired a new position in Meta Platforms during the fourth quarter valued at approximately $19,949,512,000. Charles Schwab Investment Management Inc. raised its position in shares of Meta Platforms by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,251,766 shares of the social networking company’s stock valued at $8,344,552,000 after purchasing an additional 424,201 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Meta Platforms by 2.8% in the third quarter. Franklin Resources Inc. now owns 6,946,755 shares of the social networking company’s stock worth $4,101,602,000 after buying an additional 186,728 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 4.3 %

Shares of META opened at $576.74 on Friday. The company has a market capitalization of $1.46 trillion, a P/E ratio of 24.11, a PEG ratio of 1.42 and a beta of 1.23. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The business’s 50 day simple moving average is $655.23 and its 200-day simple moving average is $608.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS 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 period last year, the company earned $5.33 EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.36%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio is currently 8.78%.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their price objective on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Susquehanna increased their target price on Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a research note on Thursday, January 30th. Pivotal Research raised their target price on Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Raymond James reiterated a “strong-buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Two equities research 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $718.31.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.67, for a total value of $6,300,738.51. Following the transaction, the chief financial officer now directly owns 51,793 shares in the company, valued at approximately $38,154,349.31. This trade represents a 14.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction on Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 584,823 shares of company stock worth $386,274,777. 13.71% of the stock is currently owned by corporate 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.