One Plus One Wealth Management LLC Has $478,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

One Plus One Wealth Management LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 816 shares of the social networking company’s stock after selling 24 shares during the quarter. One Plus One Wealth Management LLC’s holdings in Meta Platforms were worth $478,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JDM Financial Group LLC bought a new stake in Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms during the third quarter valued at approximately $36,000. Avondale Wealth Management bought a new stake in Meta Platforms during the fourth quarter worth $41,000. Cordant Inc. purchased a new stake in Meta Platforms in the 4th quarter valued at $59,000. Finally, Reston Wealth Management LLC bought a new position in Meta Platforms during the 3rd quarter valued at $61,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Trading Down 1.8 %

Shares of META stock opened at $703.77 on Thursday. The business has a 50-day moving average price of $644.55 and a two-hundred day moving average price of $588.38. Meta Platforms, Inc. has a 12-month low of $414.50 and a 12-month high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.78 trillion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earnings per share. Equities analysts anticipate that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a report on Friday, January 24th. Tigress Financial increased their price objective on shares of Meta Platforms from $645.00 to $935.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 11th. Bank of America boosted their target price on Meta Platforms from $710.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $750.00 target price on shares of Meta Platforms in a report on Monday, January 27th. Finally, DA Davidson lifted their price target on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $717.90.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 8,553 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 51,793 shares in the company, valued at approximately $38,154,349.31. The trade was a 14.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01. Following the completion of the transaction, the chief operating officer now owns 19,579 shares in the company, valued at $11,018,473.83. This represents a 2.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 810,217 shares of company stock worth $523,808,864 over the last three months. Company insiders own 13.71% of the company’s stock.

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.