Tranquilli Financial Advisor LLC Sells 247 Shares of Meta Platforms, Inc. (NASDAQ:META)

Tranquilli Financial Advisor LLC lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 8.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,650 shares of the social networking company’s stock after selling 247 shares during the period. Meta Platforms accounts for about 1.0% of Tranquilli Financial Advisor LLC’s holdings, making the stock its 29th largest holding. Tranquilli Financial Advisor LLC’s holdings in Meta Platforms were worth $1,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. James J. Burns & Company LLC increased its holdings in shares of Meta Platforms by 5.3% in the 4th quarter. James J. Burns & Company LLC now owns 1,092 shares of the social networking company’s stock worth $639,000 after purchasing an additional 55 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of Meta Platforms by 5.3% during the fourth quarter. Stephens Consulting LLC now owns 317 shares of the social networking company’s stock valued at $186,000 after buying an additional 16 shares during the last quarter. Welch Group LLC boosted its position in shares of Meta Platforms by 4.4% during the fourth quarter. Welch Group LLC now owns 15,050 shares of the social networking company’s stock valued at $8,898,000 after buying an additional 639 shares during the last quarter. Pennsylvania Capital Management Inc. ADV increased its holdings in Meta Platforms by 5.8% in the 4th quarter. Pennsylvania Capital Management Inc. ADV now owns 1,765 shares of the social networking company’s stock worth $1,033,000 after buying an additional 97 shares in the last quarter. Finally, Robbins Farley raised its position in Meta Platforms by 2.6% in the 4th quarter. Robbins Farley now owns 7,984 shares of the social networking company’s stock worth $4,675,000 after buying an additional 200 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on META shares. Benchmark upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price target for the company in a research note on Thursday, January 30th. Raymond James reaffirmed a “strong-buy” rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. UBS Group increased their price target on Meta Platforms from $736.00 to $786.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Barclays lifted their price objective on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Scotiabank increased their target price on Meta Platforms from $583.00 to $627.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $710.83.

Meta Platforms Stock Up 0.4 %

META opened at $714.52 on Monday. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $725.01. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $627.23 and a two-hundred day simple moving average of $575.09. The company has a market capitalization of $1.81 trillion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the previous year, the firm posted $5.33 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 26.66 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.28%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 8.36%.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 12,975 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $706.72, for a total transaction of $9,169,692.00. Following the transaction, the chief executive officer now owns 172,046 shares of the company’s stock, valued at approximately $121,588,349.12. The trade was a 7.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 8,951 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $577.16, for a total value of $5,166,159.16. Following the completion of the sale, the chief financial officer now owns 51,591 shares of the company’s stock, valued at approximately $29,776,261.56. This represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 701,146 shares of company stock valued at $435,387,895 over the last 90 days. 13.71% of the stock is owned by corporate insiders.

Meta Platforms 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.