CHURCHILL MANAGEMENT Corp Has $26.22 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

CHURCHILL MANAGEMENT Corp decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 0.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,778 shares of the social networking company’s stock after selling 22 shares during the period. Meta Platforms makes up 0.3% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 29th largest position. CHURCHILL MANAGEMENT Corp’s holdings in Meta Platforms were worth $26,218,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new position in shares of Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the 3rd quarter worth $36,000. Avondale Wealth Management bought a new position in Meta Platforms during the 4th quarter worth about $41,000. Halpern Financial Inc. acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at about $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the third quarter valued at about $49,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on META shares. Raymond James reissued a “strong-buy” rating and issued a $675.00 target price on shares of Meta Platforms in a research report on Monday, November 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $670.00 price objective on shares of Meta Platforms in a research report on Wednesday, October 16th. Susquehanna raised their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “positive” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Piper Sandler raised their price objective on Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $650.05.

Meta Platforms Stock Down 0.9 %

Shares of META opened at $611.30 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.54 trillion, a PE ratio of 28.79, a P/E/G ratio of 1.22 and a beta of 1.19. The firm’s 50 day moving average is $595.92 and its 200-day moving average is $555.25. Meta Platforms, Inc. has a 12 month low of $358.61 and a 12 month high of $638.40.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. Equities research analysts forecast that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. Meta Platforms’s payout ratio is 9.42%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $633.25, for a total transaction of $22,746,973.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $553.48, for a total value of $4,038,190.08. Following the completion of the sale, the insider now directly owns 38,695 shares in the company, valued at $21,416,908.60. This trade represents a 15.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 496,174 shares of company stock valued at $301,408,499 in the last ninety days. 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.