Gunderson Capital Management Inc. Sells 6,948 Shares of Meta Platforms, Inc. $META

Key Points

• Gunderson Capital Management reduced its stake in Meta by 37.4% in Q4, selling 6,948 shares and finishing the period with 11,643 shares worth $7,685,000, making Meta 3.5% of its portfolio and its 12th largest holding.
• Company insiders have been heavy sellers: CTO Andrew Bosworth sold 8,089 shares (~$5.11M) and CFO Susan J. Li sold 56,571 shares (~$36.47M), with insiders disposing of 160,931 shares worth about $103.0M in the past 90 days while still owning 13.61% of the stock.
• Meta reported strong Q4 results—EPS $8.88 vs. $8.16 expected and revenue $59.89B vs. $58.33B—has a market cap of about $1.45T, and carries an average analyst rating of "Moderate Buy" with an average price target of $843.57.

Gunderson Capital Management Inc. reduced its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,643 shares of the social networking company's stock after selling 6,948 shares during the period. Meta Platforms makes up 3.5% of Gunderson Capital Management Inc.'s portfolio, making the stock its 12th largest holding. Gunderson Capital Management Inc.'s holdings in Meta Platforms were worth $7,685,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Goldstone Financial Group LLC increased its holdings in Meta Platforms by 44.4% in 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 acquiring an additional 1,153 shares during the last quarter. CW Advisors LLC grew its stake in shares of Meta Platforms by 27.8% in the 2nd quarter. CW Advisors LLC now owns 176,762 shares of the social networking company's stock worth $130,467,000 after buying an additional 38,432 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Meta Platforms by 34.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock worth $38,373,000 after buying an additional 13,311 shares in the last quarter. Becker Capital Management Inc. grew its stake in shares of Meta Platforms by 5.0% in the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after buying an additional 1,657 shares in the last quarter. Finally, Diversified Trust Co. grew its stake in shares of Meta Platforms by 4.1% in the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after buying an additional 3,336 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on META shares. KeyCorp dropped their price objective on shares of Meta Platforms from $875.00 to $835.00 and set an "overweight" rating for the company in a research note on Monday, January 26th. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research note on Thursday, January 29th. DA Davidson lifted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. Scotiabank lifted their price objective on shares of Meta Platforms from $685.00 to $700.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 29th. Finally, TD Cowen reissued a "buy" rating on shares of Meta Platforms in a research note on Tuesday, January 13th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $843.57.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 8,089 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total value of $5,106,100.36. Following the transaction, the chief technology officer directly owned 2,841 shares in the company, valued at $1,793,352.84. This represents a 74.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan J. Li sold 56,571 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $644.70, for a total transaction of $36,471,323.70. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 160,931 shares of company stock valued at $102,997,526. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META stock opened at $573.02 on Tuesday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $635.80 and a 200 day moving average price of $657.61. The stock has a market cap of $1.45 trillion, a PE ratio of 24.38, a P/E/G ratio of 0.89 and a beta of 1.31.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, topping analysts' consensus estimates of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The firm had revenue of $59.89 billion during the quarter, compared to analysts' expectations of $58.33 billion. During the same period in the previous year, the company earned $8.02 EPS. The firm's revenue for the quarter was up 23.8% compared to the same quarter last year. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms's payout ratio is currently 8.94%.

Meta Platforms Company Profile

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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