Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Sage Rhino Capital LLC

Sage Rhino Capital LLC lessened its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,978 shares of the social networking company’s stock after selling 114 shares during the quarter. Sage Rhino Capital LLC’s holdings in Meta Platforms were worth $1,054,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Addison Advisors LLC grew its position in Meta Platforms by 3.9% during the 4th quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after purchasing an additional 25 shares in the last quarter. WoodTrust Financial Corp grew its position in Meta Platforms by 1.8% during the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after purchasing an additional 27 shares in the last quarter. Tennessee Valley Asset Management Partners grew its position in Meta Platforms by 0.6% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after purchasing an additional 27 shares in the last quarter. Peterson Wealth Advisors LLC grew its position in Meta Platforms by 1.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after purchasing an additional 28 shares in the last quarter. Finally, Edge Wealth Management LLC grew its position in Meta Platforms by 4.0% during the 4th quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock worth $258,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $2.45 during midday trading on Tuesday, reaching $430.17. The company had a trading volume of 18,396,504 shares, compared to its average volume of 18,427,248. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20. The stock has a fifty day simple moving average of $492.83 and a 200 day simple moving average of $406.97. Meta Platforms, Inc. has a 1-year low of $229.85 and a 1-year high of $531.49.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 20.2 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. Meta Platforms’s dividend payout ratio is 11.49%.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Mark Zuckerberg sold 19,681 shares of Meta Platforms stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total transaction of $7,751,361.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total transaction of $5,185,255.68. Following the completion of the sale, the chief financial officer now directly owns 76,398 shares in the company, valued at $36,157,645.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,276,482 shares of company stock valued at $620,451,095 over the last three months. 13.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Monness Crespi & Hardt upped their price target on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Oppenheimer dropped their price target on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $545.00 price target (down from $600.00) on shares of Meta Platforms in a research note on Thursday, April 25th. Jefferies Financial Group dropped their price target on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, KeyCorp lowered their target price on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.18.

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.