Avior Wealth Management LLC Has $8.54 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Avior Wealth Management LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,115 shares of the social networking company’s stock after acquiring an additional 118 shares during the quarter. Avior Wealth Management LLC’s holdings in Meta Platforms were worth $8,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Meta Platforms by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 183,244,796 shares of the social networking company’s stock worth $55,011,920,000 after acquiring an additional 1,733,182 shares in the last quarter. FMR LLC raised its position in Meta Platforms by 4.0% in the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after purchasing an additional 5,001,647 shares during the last quarter. Morgan Stanley raised its position in Meta Platforms by 3.4% in the 3rd quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after purchasing an additional 1,184,978 shares during the last quarter. Norges Bank bought a new position in Meta Platforms in the 4th quarter worth approximately $4,223,148,000. Finally, Northern Trust Corp raised its position in Meta Platforms by 4.3% in the 3rd quarter. Northern Trust Corp now owns 23,003,927 shares of the social networking company’s stock worth $6,906,009,000 after purchasing an additional 946,871 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $499.10 on Wednesday. The company has a fifty day moving average price of $493.16 and a 200 day moving average price of $396.01. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.27 trillion, a PE ratio of 33.54, a PEG ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same period in the prior year, the business posted $3.00 EPS. The company’s quarterly revenue was up 24.7% on a year-over-year basis. Research analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is 13.42%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Guggenheim boosted their price objective on shares of Meta Platforms from $380.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wedbush boosted their price objective on shares of Meta Platforms from $420.00 to $520.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Mizuho boosted their price objective on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wolfe Research upped their target price on shares of Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Barclays upped their target price on shares of Meta Platforms from $400.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $509.28.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 566 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $385.00, for a total transaction of $217,910.00. Following the completion of the transaction, the insider now directly owns 35,286 shares in the company, valued at approximately $13,585,110. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Javier Olivan sold 490 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $516.51, for a total value of $253,089.90. Following the sale, the chief operating officer now directly owns 8,069 shares of the company’s stock, valued at approximately $4,167,719.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 566 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $385.00, for a total transaction of $217,910.00. Following the completion of the sale, the insider now directly owns 35,286 shares in the company, valued at $13,585,110. The disclosure for this sale can be found here. Insiders sold a total of 1,439,788 shares of company stock worth $684,542,792 in the last three months. Insiders own 14.03% of the company’s stock.

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.