O Brien Wealth Partners LLC Sells 270 Shares of Meta Platforms, Inc. (NASDAQ:META)

O Brien Wealth Partners LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 11.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,183 shares of the social networking company’s stock after selling 270 shares during the quarter. Meta Platforms makes up 0.2% of O Brien Wealth Partners LLC’s portfolio, making the stock its 20th biggest holding. O Brien Wealth Partners LLC’s holdings in Meta Platforms were worth $1,060,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of META. Vanguard Group Inc. increased its position in Meta Platforms by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company’s stock worth $65,960,215,000 after buying an additional 3,104,550 shares in the last quarter. Capital World Investors increased its position in Meta Platforms by 2.5% in the fourth quarter. Capital World Investors now owns 38,054,513 shares of the social networking company’s stock worth $13,469,906,000 after buying an additional 927,491 shares in the last quarter. Morgan Stanley increased its position in Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after buying an additional 1,184,978 shares in the last quarter. Capital International Investors increased its position in Meta Platforms by 3.2% in the fourth quarter. Capital International Investors now owns 34,738,470 shares of the social networking company’s stock worth $12,296,383,000 after buying an additional 1,083,719 shares in the last quarter. Finally, Norges Bank purchased a new stake in Meta Platforms in the fourth quarter worth about $11,285,855,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, April 5th. The stock was sold at an average price of $516.51, for a total value of $253,089.90. Following the transaction, the chief operating officer now directly owns 8,069 shares in the company, valued at approximately $4,167,719.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, April 5th. The stock was sold at an average price of $516.51, for a total value of $253,089.90. Following the transaction, the chief operating officer now directly owns 8,069 shares in the company, valued at approximately $4,167,719.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total value of $4,223,529.35. Following the completion of the transaction, the chief financial officer now owns 74,580 shares in the company, valued at $35,190,573. The disclosure for this sale can be found here. In the last three months, insiders have sold 218,086 shares of company stock worth $106,423,370. 13.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on META shares. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target on shares of Meta Platforms in a research report on Wednesday, June 12th. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Monday. Wolfe Research cut their target price on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $550.00 target price on shares of Meta Platforms in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $511.27.

Meta Platforms Trading Up 0.1 %

META opened at $504.68 on Tuesday. The stock’s fifty day moving average is $480.46 and its two-hundred day moving average is $456.83. The company has a market capitalization of $1.28 trillion, a P/E ratio of 28.99, a PEG ratio of 1.31 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Analysts forecast that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s payout ratio is currently 11.49%.

Meta Platforms Company 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.