Quotient Wealth Partners LLC Sells 86 Shares of Meta Platforms, Inc. (NASDAQ:META)

Quotient Wealth Partners LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,579 shares of the social networking company’s stock after selling 86 shares during the period. Quotient Wealth Partners LLC’s holdings in Meta Platforms were worth $4,339,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in META. Delos Wealth Advisors LLC increased its position in shares of Meta Platforms by 527.3% in the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after purchasing an additional 58 shares during the period. POM Investment Strategies LLC acquired a new position in shares of Meta Platforms during the 2nd quarter worth $38,000. Ruedi Wealth Management Inc. boosted its stake in Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after buying an additional 44 shares in the last quarter. Richardson Financial Services Inc. grew its position in Meta Platforms by 95.6% in the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 43 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Meta Platforms during the first quarter worth about $44,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 0.6 %

NASDAQ:META traded down $3.61 during mid-day trading on Thursday, hitting $586.90. The stock had a trading volume of 3,040,045 shares, compared to its average volume of 15,372,553. Meta Platforms, Inc. has a twelve month low of $279.40 and a twelve month high of $602.95. The stock has a 50-day simple moving average of $534.36 and a two-hundred day simple moving average of $504.36. The company has a market capitalization of $1.49 trillion, a PE ratio of 33.68, a PEG ratio of 1.39 and a beta of 1.22. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period last year, the firm earned $3.23 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 21.36 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Insider Activity

In related news, CFO Susan J. Li sold 8,950 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $4,714,502.00. Following the sale, the chief financial officer now owns 74,579 shares of the company’s stock, valued at approximately $39,285,234.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mark Zuckerberg sold 14,874 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $503.38, for a total transaction of $7,487,274.12. Following the completion of the transaction, the chief executive officer now owns 135,442 shares of the company’s stock, valued at approximately $68,178,793.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Susan J. Li sold 8,950 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $4,714,502.00. Following the sale, the chief financial officer now owns 74,579 shares of the company’s stock, valued at $39,285,234.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 266,412 shares of company stock valued at $140,058,708 in the last three months. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Meta Platforms from $550.00 to $600.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. KeyCorp lifted their price target on shares of Meta Platforms from $560.00 to $655.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial upped their price target on Meta Platforms from $570.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday. Sanford C. Bernstein lifted their price objective on Meta Platforms from $565.00 to $575.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Robert W. Baird increased their target price on shares of Meta Platforms from $530.00 to $605.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $608.58.

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.