Meta Platforms, Inc. $META Stake Lifted by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 314.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,672 shares of the social networking company’s stock after acquiring an additional 9,614 shares during the quarter. Meta Platforms comprises approximately 2.9% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Quattro Financial Advisors LLC’s holdings in Meta Platforms were worth $9,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldstone Financial Group LLC increased its position in Meta Platforms by 44.4% during the third quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company’s stock worth $2,756,000 after buying an additional 1,153 shares during the period. Spirepoint Private Client LLC grew its position in shares of Meta Platforms by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after acquiring an additional 109 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Meta Platforms by 10.4% in the 2nd quarter. Diversify Advisory Services LLC now owns 55,431 shares of the social networking company’s stock valued at $43,790,000 after acquiring an additional 5,224 shares during the period. CW Advisors LLC increased its holdings in shares of Meta Platforms by 27.8% in the 2nd quarter. CW Advisors LLC now owns 176,762 shares of the social networking company’s stock valued at $130,467,000 after acquiring an additional 38,432 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in Meta Platforms by 11.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 210,526 shares of the social networking company’s stock valued at $155,387,000 after purchasing an additional 20,912 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on META shares. Benchmark downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley decreased their target price on shares of Meta Platforms from $820.00 to $750.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. DA Davidson set a $825.00 price target on Meta Platforms in a report on Thursday, October 30th. Cantor Fitzgerald upped their price objective on Meta Platforms from $720.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, BNP Paribas Exane started coverage on Meta Platforms in a research report on Monday, November 24th. They set an “outperform” rating and a $800.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average price target of $822.89.

Check Out Our Latest Report on Meta Platforms

Insider Buying and Selling at Meta Platforms

In other news, CAO Aaron Anderson sold 726 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total value of $429,501.60. Following the completion of the transaction, the chief accounting officer owned 6,035 shares in the company, valued at $3,570,306. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 6,875 shares of the firm’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the completion of the sale, the chief financial officer owned 88,370 shares of the company’s stock, valued at $53,857,980.20. This trade represents a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 41,555 shares of company stock worth $25,869,502. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $646.06 on Friday. The stock has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.28 and a beta of 1.29. The business’s 50 day moving average is $641.17 and its two-hundred day moving average is $703.93. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period last year, the firm earned $6.03 EPS. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. Research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, December 15th. Meta Platforms’s payout ratio is presently 9.28%.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

See Also

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

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