LexAurum Advisors LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,164 shares of the social networking company’s stock after purchasing an additional 305 shares during the quarter. LexAurum Advisors LLC’s holdings in Meta Platforms were worth $1,267,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiera Capital Corp increased its stake in shares of Meta Platforms by 35.1% in the second quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after acquiring an additional 7,089 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Meta Platforms during the 2nd quarter worth about $1,559,000. Sunbelt Securities Inc. raised its stake in shares of Meta Platforms by 39.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 13,445 shares of the social networking company’s stock valued at $6,779,000 after buying an additional 3,799 shares during the last quarter. Covington Investment Advisors Inc. acquired a new position in shares of Meta Platforms in the 2nd quarter valued at about $7,115,000. Finally, Invst LLC boosted its stake in shares of Meta Platforms by 18.1% in the second quarter. Invst LLC now owns 6,095 shares of the social networking company’s stock worth $3,076,000 after buying an additional 936 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Trading Up 1.9 %
NASDAQ META opened at $659.88 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 31.08, a PEG ratio of 1.18 and a beta of 1.19. The firm’s 50-day moving average is $604.04 and its two-hundred day moving average is $561.55. Meta Platforms, Inc. has a 12 month low of $387.10 and a 12 month high of $663.87.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.30%. Meta Platforms’s dividend payout ratio is presently 9.42%.
Analyst Upgrades and Downgrades
META has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Wells Fargo & Company increased their price target on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Guggenheim lifted their price objective on shares of Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a report on Monday, October 7th. Citigroup increased their target price on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $654.20.
Get Our Latest Analysis on Meta Platforms
Insider Activity at Meta Platforms
In other news, insider Nicholas Clegg sold 7,296 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 38,695 shares of the company’s stock, valued at approximately $21,416,908.60. This trade represents a 15.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $644.76, for a total transaction of $23,160,423.96. The disclosure for this sale can be found here. Insiders sold 603,032 shares of company stock worth $368,666,614 in the last three months. 13.71% of the stock is owned by company insiders.
About Meta Platforms
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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