Stonehage Fleming Financial Services Holdings Ltd lessened its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.1% in the fourth quarter, Holdings Channel reports. The fund owned 10,166 shares of the social networking company’s stock after selling 113 shares during the quarter. Meta Platforms makes up about 0.2% of Stonehage Fleming Financial Services Holdings Ltd’s holdings, making the stock its 27th biggest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Meta Platforms were worth $5,952,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of META. JDM Financial Group LLC purchased a new stake in Meta Platforms during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Meta Platforms during the third quarter worth approximately $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the fourth quarter worth $41,000. Halpern Financial Inc. acquired a new stake in Meta Platforms in the third quarter valued at $46,000. Finally, West Financial Advisors LLC acquired a new position in Meta Platforms during the 3rd quarter worth $49,000. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Price Performance
NASDAQ META opened at $676.49 on Thursday. Meta Platforms, Inc. has a 1 year low of $387.10 and a 1 year high of $682.58. The stock’s 50-day moving average price is $608.52 and its two-hundred day moving average price is $563.58. The company has a market cap of $1.71 trillion, a PE ratio of 31.86, a PEG ratio of 1.18 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.30%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.
Analyst Ratings Changes
Several equities analysts have recently commented on META shares. Citigroup increased their price target on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Mizuho lifted their target price on Meta Platforms from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Morgan Stanley upped their price target on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price objective on shares of Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $655.41.
Read Our Latest Report on Meta Platforms
Insiders Place Their Bets
In other Meta Platforms news, CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $673.57, for a total value of $24,195,307.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 413 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $567.58, for a total value of $234,410.54. Following the sale, the chief operating officer now directly owns 10,294 shares of the company’s stock, valued at $5,842,668.52. This trade represents a 3.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 661,312 shares of company stock worth $407,377,422. 13.71% of the stock is currently 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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