LFA Lugano Financial Advisors SA Sells 125 Shares of Meta Platforms, Inc. (NASDAQ:META)

LFA Lugano Financial Advisors SA reduced its position in Meta Platforms, Inc. (NASDAQ:METAFree Report) by 58.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90 shares of the social networking company’s stock after selling 125 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Meta Platforms were worth $32,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of META. Signify Wealth bought a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $228,000. Investment Research & Advisory Group Inc. grew its holdings in shares of Meta Platforms by 1.5% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock valued at $3,880,000 after purchasing an additional 164 shares during the last quarter. Keel Point LLC grew its holdings in shares of Meta Platforms by 6.3% during the 3rd quarter. Keel Point LLC now owns 6,690 shares of the social networking company’s stock valued at $2,008,000 after purchasing an additional 399 shares during the last quarter. Syntegra Private Wealth Group LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $269,000. Finally, AFT Forsyth & Company Inc. grew its holdings in Meta Platforms by 5.6% during the 3rd quarter. AFT Forsyth & Company Inc. now owns 4,149 shares of the social networking company’s stock worth $1,246,000 after acquiring an additional 220 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $351.47, for a total transaction of $6,917,281.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $513.32, for a total value of $251,526.80. Following the transaction, the chief operating officer now owns 10,029 shares in the company, valued at $5,148,086.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $351.47, for a total transaction of $6,917,281.07. The disclosure for this sale can be found here. Insiders have sold 1,502,805 shares of company stock worth $703,056,383 over the last ninety days. Insiders own 14.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on META shares. Wolfe Research boosted their target price on shares of Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price target on shares of Meta Platforms from $405.00 to $527.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. boosted their price target on shares of Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Oppenheimer boosted their price target on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $496.35.

View Our Latest Report on META

Meta Platforms Trading Up 1.2 %

Shares of Meta Platforms stock opened at $491.35 on Tuesday. Meta Platforms, Inc. has a 12-month low of $207.13 and a 12-month high of $523.57. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.25 and a beta of 1.20. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $471.26 and its 200-day moving average price is $379.61.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. Meta Platforms’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the firm posted $3.00 earnings per share. On average, equities analysts expect that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s payout ratio is currently 13.42%.

Meta Platforms Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.