Lbp Am Sa Has $84.51 Million Stake in Meta Platforms, Inc. (NASDAQ:META)

Lbp Am Sa cut its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,336 shares of the social networking company’s stock after selling 2,758 shares during the quarter. Meta Platforms comprises about 1.1% of Lbp Am Sa’s holdings, making the stock its 15th largest position. Lbp Am Sa’s holdings in Meta Platforms were worth $84,510,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of META. RPg Family Wealth Advisory LLC grew its stake in Meta Platforms by 2.9% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 17,394 shares of the social networking company’s stock worth $10,184,000 after purchasing an additional 485 shares during the period. Madison Investment Advisors LLC bought a new position in shares of Meta Platforms during the 4th quarter worth approximately $2,006,000. JPL Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 4th quarter worth approximately $979,000. MGO Private Wealth LLC increased its stake in shares of Meta Platforms by 23.4% in the 4th quarter. MGO Private Wealth LLC now owns 964 shares of the social networking company’s stock valued at $564,000 after acquiring an additional 183 shares in the last quarter. Finally, Phillips Financial Management LLC lifted its position in shares of Meta Platforms by 6.9% during the 4th quarter. Phillips Financial Management LLC now owns 972 shares of the social networking company’s stock valued at $569,000 after acquiring an additional 63 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. Oppenheimer lifted their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Susquehanna boosted their target price on Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a research report on Thursday, January 30th. DA Davidson increased their price target on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays boosted their price objective on Meta Platforms from $630.00 to $705.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 target price on the stock in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $719.26.

Meta Platforms Stock Performance

Shares of META opened at $604.90 on Tuesday. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The stock’s 50-day simple moving average is $657.51 and its 200 day simple moving average is $604.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.

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 analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period in the prior year, the business earned $5.33 EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.525 per share. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Friday, March 14th. Meta Platforms’s payout ratio is 8.78%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 921 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $595.00, for a total value of $547,995.00. Following the sale, the insider now owns 33,024 shares of the company’s stock, valued at $19,649,280. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Javier Olivan sold 413 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $590.00, for a total value of $243,670.00. Following the transaction, the chief operating officer now directly owns 17,927 shares of the company’s stock, valued at $10,576,930. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 653,450 shares of company stock valued at $427,997,036. 13.71% of the stock is currently owned by company 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.