Telos Capital Management Inc. Reduces Stake in Meta Platforms, Inc. (NASDAQ:META)

Telos Capital Management Inc. lowered its position in Meta Platforms, Inc. (NASDAQ:META) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,814 shares of the social networking company’s stock after selling 377 shares during the period. Telos Capital Management Inc.’s holdings in Meta Platforms were worth $4,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of META. WoodTrust Financial Corp increased its position in Meta Platforms by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after buying an additional 27 shares during the period. Tennessee Valley Asset Management Partners increased its position in Meta Platforms by 0.6% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after buying an additional 27 shares during the period. Peterson Wealth Advisors LLC increased its position in Meta Platforms by 1.9% during the fourth quarter. Peterson Wealth Advisors LLC now owns 1,468 shares of the social networking company’s stock worth $520,000 after buying an additional 28 shares during the period. Edge Wealth Management LLC increased its holdings in shares of Meta Platforms by 4.0% in the fourth quarter. Edge Wealth Management LLC now owns 730 shares of the social networking company’s stock valued at $258,000 after purchasing an additional 28 shares during the period. Finally, Yarger Wealth Strategies LLC increased its holdings in shares of Meta Platforms by 4.0% in the fourth quarter. Yarger Wealth Strategies LLC now owns 736 shares of the social networking company’s stock valued at $260,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Meta Platforms news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $517.75, for a total value of $253,697.50. Following the sale, the chief operating officer now owns 7,579 shares in the company, valued at $3,924,027.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $381.77, for a total transaction of $7,513,615.37. The disclosure for this sale can be found here. Insiders have sold 1,440,278 shares of company stock valued at $684,796,490 over the last quarter. Insiders own 13.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on META. Bank of America boosted their target price on Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays lifted their price target on Meta Platforms from $400.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Raymond James lifted their price target on Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt boosted their target price on Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Tigress Financial boosted their target price on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $518.15.

Meta Platforms Stock Performance

Shares of META stock opened at $494.17 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a one year low of $207.13 and a one year high of $531.49. The company’s 50-day simple moving average is $493.65 and its 200-day simple moving average is $396.70. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.17, a PEG ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter last year, the company posted $3.00 earnings per share. Meta Platforms’s revenue was up 24.7% on a year-over-year basis. Equities analysts anticipate that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.40%. Meta Platforms’s dividend payout ratio is currently 13.42%.

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.