XML Financial LLC Sells 56 Shares of Meta Platforms, Inc. (NASDAQ:META)

XML Financial LLC lessened its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,678 shares of the social networking company’s stock after selling 56 shares during the period. XML Financial LLC’s holdings in Meta Platforms were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stone House Investment Management LLC increased its holdings in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC increased its holdings in shares of Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after buying an additional 42 shares during the last quarter. Quest Partners LLC bought a new position in shares of Meta Platforms in the 4th quarter worth $32,000. Clear Investment Research LLC increased its holdings in shares of Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after buying an additional 74 shares during the last quarter. Finally, Cranbrook Wealth Management LLC increased its holdings in shares of Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after buying an additional 45 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on META shares. Robert W. Baird decreased their price target on shares of Meta Platforms from $525.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. KeyCorp cut their price objective on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Raymond James upped their price objective on shares of Meta Platforms from $525.00 to $550.00 and gave the company a “strong-buy” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein dropped their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, TD Cowen dropped their price target on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $510.41.

Check Out Our Latest Analysis on Meta Platforms

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $502.60 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. Meta Platforms, Inc. has a 1-year low of $265.33 and a 1-year high of $531.49. The company has a market capitalization of $1.27 trillion, a P/E ratio of 28.87, a P/E/G ratio of 1.28 and a beta of 1.21. The firm’s 50 day simple moving average is $480.74 and its two-hundred day simple moving average is $438.24.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Research analysts expect that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, June 14th. Meta Platforms’s dividend payout ratio is currently 11.49%.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 77,412 shares of Meta Platforms stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $495.66, for a total transaction of $38,370,031.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Mark Zuckerberg sold 77,412 shares of Meta Platforms stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $495.66, for a total transaction of $38,370,031.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Susan J. Li sold 8,951 shares of Meta Platforms stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $471.85, for a total transaction of $4,223,529.35. Following the sale, the chief financial officer now owns 74,580 shares in the company, valued at approximately $35,190,573. The disclosure for this sale can be found here. Insiders have sold 575,235 shares of company stock valued at $283,074,260 over the last 90 days. 13.71% of the stock is currently owned by corporate insiders.

Meta Platforms 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.

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

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