Meta Platforms, Inc. (NASDAQ:META) is Excalibur Management Corp’s 7th Largest Position

Excalibur Management Corp cut its position in Meta Platforms, Inc. (NASDAQ:META) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,858 shares of the social networking company’s stock after selling 95 shares during the quarter. Meta Platforms comprises 2.1% of Excalibur Management Corp’s investment portfolio, making the stock its 7th biggest position. Excalibur Management Corp’s holdings in Meta Platforms were worth $5,187,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of META. JDM Financial Group LLC bought a new stake in Meta Platforms during the third quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the 3rd quarter valued at about $36,000. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $40,000. Avondale Wealth Management purchased a new position in shares of Meta Platforms during the fourth quarter worth about $41,000. Finally, Cordant Inc. bought a new position in shares of Meta Platforms in the fourth quarter worth approximately $59,000. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on META shares. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Rosenblatt Securities restated a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Truist Financial upped their target price on shares of Meta Platforms from $700.00 to $770.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Barclays raised their price target on Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Arete Research upgraded Meta Platforms to a “hold” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $718.31.

Meta Platforms Stock Down 2.4 %

Shares of NASDAQ:META opened at $610.98 on Thursday. The firm has a market capitalization of $1.55 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a 50 day moving average price of $656.12 and a 200-day moving average price of $608.02. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business earned $5.33 earnings per share. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.34%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. Meta Platforms’s payout ratio is presently 8.78%.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $591.76, for a total value of $535,542.80. Following the sale, the insider now directly owns 32,915 shares of the company’s stock, valued at approximately $19,477,780.40. The trade was a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $589.16, for a total value of $243,323.08. Following the transaction, the chief operating officer now owns 17,514 shares of the company’s stock, valued at $10,318,548.24. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,213 shares of company stock worth $387,084,349. 13.71% of the stock is currently owned by company insiders.

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.