Moody Lynn & Lieberson LLC trimmed its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 30.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,628 shares of the social networking company’s stock after selling 1,552 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Meta Platforms were worth $2,678,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Matrix Trust Co boosted its holdings in Meta Platforms by 26.4% in the first quarter. Matrix Trust Co now owns 359 shares of the social networking company’s stock worth $207,000 after acquiring an additional 75 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in Meta Platforms by 40.0% in the first quarter. Annex Advisory Services LLC now owns 117,040 shares of the social networking company’s stock worth $67,457,000 after acquiring an additional 33,445 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Meta Platforms by 801.3% in the first quarter. Vest Financial LLC now owns 84,599 shares of the social networking company’s stock worth $48,759,000 after acquiring an additional 75,213 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
Meta Platforms Price Performance
Shares of META stock opened at $710.56 on Friday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $1.79 trillion, a P/E ratio of 25.73, a P/E/G ratio of 1.52 and a beta of 1.20. The stock has a 50 day moving average price of $753.21 and a 200 day moving average price of $674.82.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is presently 7.60%.
Insider Transactions at Meta Platforms
In related news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,955,168 over the last three months. Company insiders own 13.61% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Loop Capital reissued a “buy” rating and issued a $980.00 target price (up from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Zacks Research downgraded Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. JMP Securities upped their price target on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Oppenheimer upped their price target on Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Truist Financial set a $880.00 price target on Meta Platforms in a report on Thursday, September 18th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $830.02.
View Our Latest Report on META
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.
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