Meta Platforms, Inc. (NASDAQ:META) Position Lowered by Crystal Rock Capital Management

Crystal Rock Capital Management decreased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 58,046 shares of the social networking company’s stock after selling 750 shares during the period. Meta Platforms makes up about 13.6% of Crystal Rock Capital Management’s investment portfolio, making the stock its largest position. Crystal Rock Capital Management’s holdings in Meta Platforms were worth $20,546,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Stone House Investment Management LLC raised its stake in shares of Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Meta Platforms by 65.2% during the third quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in shares of Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in Meta Platforms during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the transaction, the chief operating officer now directly owns 79,944 shares in the company, valued at $39,015,070.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Meta Platforms news, CEO Mark Zuckerberg sold 34,398 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the transaction, the chief operating officer now directly owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The disclosure for this sale can be found here. In the last three months, insiders sold 1,257,291 shares of company stock valued at $612,916,087. 13.71% of the stock is currently owned by insiders.

Meta Platforms Price Performance

Meta Platforms stock traded up $9.02 on Wednesday, reaching $439.19. The company’s stock had a trading volume of 20,269,099 shares, compared to its average volume of 18,450,998. Meta Platforms, Inc. has a twelve month low of $229.85 and a twelve month high of $531.49. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The business’s fifty day moving average price is $492.83 and its 200 day moving average price is $406.97.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping 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 company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Equities analysts expect that Meta Platforms, Inc. will post 20.17 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on META shares. BMO Capital Markets raised their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, February 2nd. Evercore ISI increased their price objective on Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Loop Capital decreased their price target on Meta Platforms from $555.00 to $550.00 and set a “buy” rating for the company in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Tigress Financial lifted their target price on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $513.55.

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.