Meta Platforms, Inc. (NASDAQ:META) Stock Holdings Decreased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,610 shares of the social networking company's stock after selling 500 shares during the period. Meta Platforms comprises about 3.5% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its 6th largest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Meta Platforms were worth $62,008,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Valley Financial Group Inc. lifted its position in shares of Meta Platforms by 2.4% in the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock worth $344,000 after acquiring an additional 14 shares during the period. Lantern Wealth Advisors LLC raised its stake in Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after acquiring an additional 14 shares in the last quarter. Seelaus Asset Management LLC boosted its stake in shares of Meta Platforms by 0.9% in the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock valued at $960,000 after purchasing an additional 15 shares in the last quarter. Meredith Wealth Planning boosted its stake in shares of Meta Platforms by 0.8% in the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after purchasing an additional 15 shares in the last quarter. Finally, Maiden Cove Capital LLC increased its position in shares of Meta Platforms by 3.2% during the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock worth $282,000 after purchasing an additional 15 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 7,802 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $701.96, for a total transaction of $5,476,691.92. Following the sale, the chief executive officer now owns 110,477 shares of the company's stock, valued at $77,550,434.92. This trade represents a 6.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $607.50, for a total transaction of $369,360.00. Following the sale, the chief operating officer now owns 7,446 shares of the company's stock, valued at approximately $4,523,445. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,682 shares of company stock worth $56,014,018 over the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Down 0.4%

Shares of META traded down $2.70 during trading hours on Thursday, hitting $691.44. The company had a trading volume of 3,491,841 shares, compared to its average volume of 14,479,353. The stock has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.42 and a beta of 1.26. The firm has a fifty day moving average price of $597.08 and a 200-day moving average price of $617.62. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The company's quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.71 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be given a $0.525 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.30%. Meta Platforms's dividend payout ratio (DPR) is 8.19%.

Wall Street Analysts Forecast Growth

META has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wedbush increased their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Morgan Stanley upped their price objective on shares of Meta Platforms from $615.00 to $650.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Citigroup boosted their price objective on shares of Meta Platforms from $655.00 to $690.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Monness Crespi & Hardt lifted their target price on Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $702.48.

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.