Lloyd Advisory Services LLC. Raises Stake in Meta Platforms, Inc. (NASDAQ:META)

Lloyd Advisory Services LLC. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 456.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,780 shares of the social networking company’s stock after buying an additional 5,562 shares during the quarter. Meta Platforms makes up 0.7% of Lloyd Advisory Services LLC.’s investment portfolio, making the stock its 16th largest position. Lloyd Advisory Services LLC.’s holdings in Meta Platforms were worth $3,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC lifted its position in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after buying an additional 42 shares in the last quarter. Quest Partners LLC acquired a new position in Meta Platforms during the fourth quarter valued at approximately $32,000. Clear Investment Research LLC lifted its position in Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. Finally, Cranbrook Wealth Management LLC lifted its position in Meta Platforms by 80.4% during the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after buying an additional 45 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on META. Sanford C. Bernstein reduced their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. BNP Paribas started coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They set an “underperform” rating and a $360.00 price objective on the stock. Rosenblatt Securities lifted their price objective on shares of Meta Platforms from $520.00 to $562.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research note on Monday, April 22nd. Finally, Guggenheim dropped their price objective on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $510.05.

View Our Latest Report on Meta Platforms

Insiders Place Their Bets

In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the sale, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the sale, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $505.29, for a total value of $295,594.65. Following the completion of the transaction, the insider now owns 39,568 shares in the company, valued at approximately $19,993,314.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,757 shares of company stock worth $114,265,610. Company insiders own 13.71% of the company’s stock.

Meta Platforms Price Performance

NASDAQ META traded down $0.26 on Monday, reaching $494.52. The company’s stock had a trading volume of 9,321,302 shares, compared to its average volume of 16,566,604. Meta Platforms, Inc. has a twelve month low of $274.38 and a twelve month high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market cap of $1.25 trillion, a PE ratio of 28.80, a PEG ratio of 1.30 and a beta of 1.21. The firm’s 50 day moving average is $478.61 and its two-hundred day moving average is $449.33.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.16 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s payout ratio is presently 11.49%.

About Meta Platforms

(Free Report)

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.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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