In its most recent 13F filing with the Securities and Exchange Commission (SEC), Meta Platforms, Inc. (NASDAQ:META) disclosed that Lazari Capital Management Inc. decreased its position in the company’s shares by 3.9% during the third quarter. After selling 1,933 shares during the quarter, the institutional investor now held 47,655 shares of the social networking company’s stock.
About 8.5% of Lazari Capital Management Inc.’s holdings are in Meta Platforms, which is the company’s second-largest holding. As of its most recent SEC filing, Lazari Capital Management Inc.’s holdings in Meta Platforms were valued at $14,307,000.
Recent changes to META holdings.
Recent changes to META holdings have also been made by a number of other institutional investors and hedge funds. In the fourth quarter, MBM Wealth Consultants LLC invested an additional $26,000 in Meta Platforms. During the second quarter, Altshuler Shaham Ltd invested an additional $30,000 in Meta Platforms shares.
second quarter.
During the second quarter, Stephens Investment Management Group LLC acquired a new position in Meta Platforms shares for about $30,000. PayPay Securities Corp increased its third-quarter stake in Meta Platforms by 65.2%. After purchasing 43 more shares of the social networking company’s stock during the most recent quarter, PayPay Securities Corp now owns 109 shares, valued at $33,000.
Last but not least, E Fund Management Hong Kong Co. Ltd. invested an additional $40,000. worth of Meta Platforms shares during the third quarter. Of the company’s stock, institutional investors hold 62.87%.
At Meta Platforms, Insider Purchasing and Sale.
Related news: On Thursday, November 2nd, CEO Mark Zuckerberg sold 28,009 shares of the company. An aggregate of $8,699,595.40 was transacted when the stock was sold, with an average price of $310.60. A filing with the Securities & Exchange Commission that contains information about the sale can be accessed by clicking this link.
According to related news, on Wednesday, November 15, CFO Susan J. Li sold 10,642 shares of the company. The shares were sold for a total of $3,579,011.02, with an average price of $336.31. The chief financial officer now owns 89,509 shares of the company’s stock, valued at $30,102,771.79, after the sale was completed.
CEO Mark Zuckerberg sold 28,009 shares of the company.
This hyperlink will take you to a filing that the Securities & Exchange Commission has made about the transaction. Additionally, on November 2nd, Thursday, CEO Mark Zuckerberg sold 28,009 shares of the company. The shares had a total value of $8,699,595.40 when they were sold, averaging $310.60. This sale’s disclosure can be found here. Within the last ninety days, insiders have sold 875,686 shares of the company at a total valuation of $300,859,630. Currently, corporate insiders own 14.03% of the stock.
Meta Platforms Stock Down.
Meta Platforms Stock Down 2.1% NASDAQ:META’ssharesfell $8.30 at midday on Wednesday, closing at $391.76. Compared to its average volume of 16,232,640 shares, the company’s stock saw 14,486,581 shares traded. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.57, and a current ratio of 2.57. With a market capitalization of $1.01 trillion, the company has a beta of 1.22, a PEG ratio of 1.07, a P/E ratio of 34.84. With a 12-month low of $147.06 and a 12-month high of $406.36, Meta Platforms, Inc. has experienced volatility. The company is currently trading at $353.54 on the 50-day moving average and $323.89 on the 200-day moving average.
Growth is Forecast by Wall Street Analysts
Numerous study reports have addressed META. In a report on Tuesday, November 14, Stifel Nicolaus reiterated its “buy” rating and set a target price of $405.00 for Meta Platforms’ stock. Truist Financial reported on Thursday, October 26th, raising their price objective for Meta Platforms shares from $390.00 to $405.00 and rating the company as a “buy.” In a research released on Wednesday, October 4, JPMorgan Chase & Co. lowered their target price for Meta Platforms shares from $425.00 to $400.00 and assigned the company a “overweight” rating.
research report.
In a research report released on Wednesday, January 17th, Wells Fargo & Company increased their target price for Meta Platforms shares from $402.00 to $438.00 and rated the stock as “overweight.” In a research note published on Friday, January 19, JMP Securities upgraded its target price for Meta Platforms from $380.00 to $410.00 and rated the company as a “market outperform.”
Eleven research analysts have given the stock a buy rating, two have given it a sell rating, four have given it a hold rating, and two have given it a strong buy rating. MarketBeat reports that the stock presently has an average target price of $371.35 and a consensus rating of “Moderate Buy.”
The Company Overview of Meta Platforms.
The Company Overview of Meta Platforms
Meta Platforms, Inc. is a global product development company that creates wearables, virtual reality headsets, PCs, and mobile devices that facilitate communication and sharing with loved ones. Family of Apps and Reality Labs are its two business divisions.
Facebook.
Facebook, a platform for sharing, discussing, discovering, and connecting with interests, Instagram, a community for sharing photos, videos, and private messages, as well as feeds, stories, reels, video, live, and shops, Messenger, a messaging app for connecting with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls, and WhatsApp, a messaging app for private communication and business to business transactions are all offered in the Family of Apps segment.