Lion Street Advisors LLC Sells 113 Shares of Meta Platforms, Inc. (NASDAQ:META)

Lion Street Advisors LLC cut its position in Meta Platforms, Inc. (NASDAQ:META) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,819 shares of the social networking company’s stock after selling 113 shares during the period. Lion Street Advisors LLC’s holdings in Meta Platforms were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after acquiring an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC lifted its position in shares of Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock valued at $2,365,820,000 after acquiring an additional 4,126,190 shares during the period. World Investment Advisors LLC lifted its position in shares of Meta Platforms by 4,658.5% during the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares during the period. Geode Capital Management LLC lifted its position in shares of Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after acquiring an additional 698,884 shares during the period. Finally, National Pension Service lifted its position in shares of Meta Platforms by 14.6% during the 3rd quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock valued at $2,471,822,000 after acquiring an additional 550,852 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Up 0.4 %

Shares of NASDAQ:META opened at $717.40 on Tuesday. The business’s 50 day simple moving average is $629.73 and its two-hundred day simple moving average is $576.95. The firm has a market cap of $1.82 trillion, a P/E ratio of 29.99, a PEG ratio of 1.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $725.01.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $5.33 EPS. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.28%. Meta Platforms’s dividend payout ratio is presently 8.36%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Cowen upped their price objective on Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price objective on Meta Platforms from $700.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on Meta Platforms from $530.00 to $610.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Citigroup upped their price objective on Meta Platforms from $753.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Arete Research upgraded Meta Platforms to a “hold” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $710.83.

Insider Activity

In other news, CFO Susan J. Li sold 18,644 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $553.55, for a total value of $10,320,386.20. Following the transaction, the chief financial officer now owns 46,769 shares in the company, valued at $25,888,979.95. This trade represents a 28.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark Zuckerberg sold 55,589 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. Insiders have sold 756,735 shares of company stock worth $475,285,232 over the last 90 days. 13.71% of the stock is currently owned by corporate insiders.

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.