Meta Platforms, Inc. (NASDAQ:META) is Insigneo Advisory Services LLC's 8th Largest Position

Insigneo Advisory Services LLC reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,940 shares of the social networking company's stock after selling 3,034 shares during the period. Meta Platforms accounts for about 2.1% of Insigneo Advisory Services LLC's holdings, making the stock its 8th biggest holding. Insigneo Advisory Services LLC's holdings in Meta Platforms were worth $20,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of META. Millstone Evans Group LLC acquired a new stake in Meta Platforms during the 4th quarter worth approximately $40,000. Avondale Wealth Management purchased a new stake in shares of Meta Platforms during the fourth quarter worth approximately $41,000. WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth $43,000. Cordant Inc. acquired a new position in shares of Meta Platforms during the 4th quarter worth about $59,000. Finally, Conquis Financial LLC purchased a new stake in Meta Platforms during the fourth quarter worth approximately $59,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Javier Olivan sold 608 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $488.18, for a total value of $296,813.44. Following the completion of the sale, the chief operating officer now owns 5,622 shares in the company, valued at approximately $2,744,547.96. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 921 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $531.22, for a total value of $489,253.62. Following the sale, the insider now owns 28,419 shares in the company, valued at approximately $15,096,741.18. The trade was a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 379,901 shares of company stock valued at $260,806,516. Company insiders own 13.71% of the company's stock.

Meta Platforms Trading Down 0.2 %

Shares of NASDAQ META traded down $0.83 during trading on Friday, hitting $501.48. 14,540,656 shares of the company traded hands, compared to its average volume of 14,827,047. 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 market capitalization of $1.27 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a 50-day moving average price of $612.51 and a 200-day moving average price of $607.32. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts' consensus estimates 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 in the prior year, the business posted $5.33 EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 annualized dividend and a dividend yield of 0.42%. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is presently 8.78%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on META shares. JPMorgan Chase & Co. lowered their target price on shares of Meta Platforms from $725.00 to $610.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Benchmark upgraded Meta Platforms from a "hold" rating to a "buy" rating and set a $820.00 price target on the stock in a research note on Thursday, January 30th. Piper Sandler cut their target price on shares of Meta Platforms from $775.00 to $610.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Guggenheim lowered their price objective on shares of Meta Platforms from $750.00 to $675.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America reduced their target price on shares of Meta Platforms from $765.00 to $640.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, four have given 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, the company currently has an average rating of "Moderate Buy" and an average price target of $684.10.

About Meta Platforms

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.