Meta Platforms, Inc. (NASDAQ:META) Shares Purchased by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC raised its position in Meta Platforms, Inc. (NASDAQ:META) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,482 shares of the social networking company’s stock after purchasing an additional 25 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Meta Platforms were worth $2,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in META. S.A. Mason LLC boosted its holdings in Meta Platforms by 1.5% during the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after buying an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN boosted its stake in shares of Meta Platforms by 2.0% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after acquiring an additional 21 shares in the last quarter. Northern Capital Management Inc. grew its holdings in shares of Meta Platforms by 3.4% in the 1st quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock worth $314,000 after acquiring an additional 21 shares during the last quarter. Buckingham Capital Management Inc. raised its position in shares of Meta Platforms by 5.1% during the second quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock worth $218,000 after purchasing an additional 21 shares during the period. Finally, LongView Wealth Management lifted its holdings in shares of Meta Platforms by 1.3% during the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price target on Meta Platforms from $562.00 to $643.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $570.00 target price on shares of Meta Platforms in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price target on shares of Meta Platforms from $550.00 to $590.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Guggenheim raised their price objective on shares of Meta Platforms from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Roth Mkm boosted their target price on shares of Meta Platforms from $510.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average price target of $574.41.

Insider Activity

In related news, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $476.69, for a total value of $431,404.45. Following the completion of the transaction, the insider now owns 42,370 shares of the company’s stock, valued at $20,197,355.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mark Zuckerberg sold 150 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $500.49, for a total transaction of $75,073.50. Following the transaction, the chief executive officer now directly owns 124,387 shares in the company, valued at $62,254,449.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $476.69, for a total transaction of $431,404.45. Following the completion of the sale, the insider now directly owns 42,370 shares of the company’s stock, valued at approximately $20,197,355.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 418,680 shares of company stock worth $211,992,147. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ META traded down $3.93 during trading hours on Friday, hitting $528.00. 11,304,691 shares of the company’s stock were exchanged, compared to its average volume of 16,221,447. The company’s 50-day moving average price is $502.96 and its 200-day moving average price is $491.15. Meta Platforms, Inc. has a 1-year low of $276.03 and a 1-year high of $544.23. The stock has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. The business had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. Meta Platforms’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.23 earnings per share. On average, sell-side analysts expect that Meta Platforms, Inc. will post 20.5 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio is 11.49%.

Meta Platforms Company Profile

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.