Avior Wealth Management LLC Buys 118 Shares of Meta Platforms, Inc. (NASDAQ:META)

Avior Wealth Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 24,115 shares of the social networking company’s stock after acquiring an additional 118 shares during the quarter. Avior Wealth Management LLC’s holdings in Meta Platforms were worth $8,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of META. Stone House Investment Management LLC boosted its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Gilfoyle & Co LLC purchased a new position in Meta Platforms during the fourth quarter worth about $39,000. Cranbrook Wealth Management LLC boosted its holdings in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after purchasing an additional 45 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares during the last quarter. Finally, Stephens Investment Management Group LLC purchased a new position in Meta Platforms during the second quarter worth about $30,000. 79.91% of the stock is owned by institutional investors.

Insider Transactions at Meta Platforms

In other news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Mark Zuckerberg sold 19,681 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the completion of the sale, the insider now directly owns 38,398 shares of the company’s stock, valued at approximately $20,043,756. The disclosure for this sale can be found here. Insiders have sold 1,439,788 shares of company stock valued at $684,542,792 in the last quarter. Insiders own 14.03% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Evercore ISI boosted their price target on shares of Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Truist Financial boosted their price target on shares of Meta Platforms from $405.00 to $525.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays boosted their price target on shares of Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group boosted their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.28.

Meta Platforms Stock Performance

Meta Platforms stock opened at $499.10 on Wednesday. The firm’s 50 day simple moving average is $493.16 and its 200 day simple moving average is $396.01. 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 firm has a market capitalization of $1.27 trillion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49.

Meta Platforms (NASDAQ:META) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. Meta Platforms’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.00 EPS. As a group, analysts expect that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

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.