Cantor Fitzgerald Investment Advisors L.P. Has $958,000 Stake in Meta Platforms, Inc. (NASDAQ:META)

Cantor Fitzgerald Investment Advisors L.P. lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,636 shares of the social networking company’s stock after selling 26 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Meta Platforms were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in META. Stephens Consulting LLC increased its stake in shares of Meta Platforms by 5.3% in the 4th quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock valued at $186,000 after purchasing an additional 16 shares during the last quarter. Lindenwold Advisors INC boosted its holdings in shares of Meta Platforms by 0.3% during the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock valued at $3,388,000 after acquiring an additional 17 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in shares of Meta Platforms by 1.6% during the 4th quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock valued at $625,000 after acquiring an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Meta Platforms by 0.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock valued at $1,569,000 after acquiring an additional 17 shares in the last quarter. Finally, Alliance Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 0.7% during the 3rd quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock valued at $1,595,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark Zuckerberg sold 19,668 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $721.69, for a total value of $14,194,198.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the transaction, the chief operating officer now owns 19,579 shares in the company, valued at $11,018,473.83. The trade was a 2.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 793,070 shares of company stock valued at $504,185,108. Corporate insiders own 13.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. KeyCorp raised their price objective on Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley raised their price objective on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised their price objective on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Piper Sandler lifted their target price on Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $717.90.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $728.56 on Friday. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $729.00. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.46 and a beta of 1.20. The business has a 50-day simple moving average of $636.47 and a 200 day simple moving average of $580.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 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 quarter last year, the company posted $5.33 earnings per share. On average, research analysts anticipate that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. Meta Platforms’s payout ratio is currently 8.36%.

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.