JSF Financial LLC Sells 152 Shares of Meta Platforms, Inc. (NASDAQ:META)

JSF Financial LLC lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 819 shares of the social networking company’s stock after selling 152 shares during the period. JSF Financial LLC’s holdings in Meta Platforms were worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Meta Platforms by 57,001.5% in the third 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 acquiring an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of 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 in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Meta Platforms by 87,269.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after purchasing an additional 1,066,437 shares in the last quarter. World Investment Advisors LLC increased its stake in shares of Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after purchasing an additional 890,434 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Meta Platforms by 1.5% in 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 in the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 1.1 %

Shares of META opened at $736.67 on Tuesday. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91. The company has a 50-day moving average of $641.19 and a 200 day moving average of $585.97. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.46 and a beta of 1.20. 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 announced its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the business posted $5.33 earnings per share. On average, research analysts expect that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. Meta Platforms’s dividend payout ratio (DPR) is 8.36%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,668 shares of Meta Platforms stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $721.69, for a total value of $14,194,198.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 902 shares of Meta Platforms stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $713.32, for a total transaction of $643,414.64. Following the completion of the transaction, the insider now directly owns 27,488 shares in the company, valued at approximately $19,607,740.16. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 751,033 shares of company stock valued at $480,911,671. Company insiders own 13.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Hsbc Global Res raised shares of Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. Benchmark raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price for the company in a research note on Thursday, January 30th. Scotiabank raised their target price on shares of Meta Platforms from $583.00 to $627.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Finally, Mizuho raised their target price on shares of Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $717.90.

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.