Meta Platforms, Inc. (NASDAQ:META) is Mezzasalma Advisors LLC’s 2nd Largest Position

Mezzasalma Advisors LLC decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,782 shares of the social networking company’s stock after selling 196 shares during the quarter. Meta Platforms comprises about 7.3% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Mezzasalma Advisors LLC’s holdings in Meta Platforms were worth $22,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. JDM Financial Group LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the 4th quarter worth $41,000. Cordant Inc. bought a new stake in shares of Meta Platforms in the 4th quarter worth $59,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $61,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

NASDAQ:META opened at $728.56 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.85 trillion, a P/E ratio of 30.46, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $729.00. The business’s 50-day moving average is $636.47 and its 200 day moving average is $580.80.

Meta Platforms (NASDAQ:META) last posted its earnings results 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 period in the prior year, the company earned $5.33 EPS. On average, equities research analysts forecast 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 given a dividend of $0.525 per share. This is an increase 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 dividend payout ratio is 8.36%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 413 shares of the company’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 transaction of $232,424.01. Following the sale, the chief operating officer now directly owns 19,579 shares in the company, valued at $11,018,473.83. This represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark Zuckerberg sold 19,668 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $721.69, for a total value of $14,194,198.92. The disclosure for this sale can be found here. Insiders have sold a total of 793,070 shares of company stock worth $504,185,108 over the last ninety days. Company insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on META. TD Cowen lifted their price objective on Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Sanford C. Bernstein lifted their price objective on Meta Platforms from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Arete Research raised Meta Platforms to a “hold” rating in a report on Friday, January 24th. DA Davidson lifted their price objective on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Morgan Stanley lifted their price objective on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $717.90.

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.