Lcnb Corp Takes $307,000 Position in Meta Platforms, Inc. (NASDAQ:META)

Lcnb Corp purchased a new position in Meta Platforms, Inc. (NASDAQ:METAFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 868 shares of the social networking company’s stock, valued at approximately $307,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC lifted its position in shares of Meta Platforms by 625.0% during the 3rd 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 during the last quarter. Beaird Harris Wealth Management LLC boosted 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 worth $31,000 after purchasing an additional 42 shares during the period. Quest Partners LLC bought a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $32,000. Cranbrook Wealth Management LLC lifted its stake in shares of Meta Platforms by 80.4% during the 4th 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. Finally, Gilfoyle & Co LLC bought a new position in Meta Platforms in the 4th quarter worth approximately $39,000. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their target price on Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wolfe Research cut their target price on Meta Platforms from $530.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. The Goldman Sachs Group decreased their price target on Meta Platforms from $555.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $509.80.

Check Out Our Latest Report on Meta Platforms

Insider Activity at Meta Platforms

In other news, insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $495.00, for a total value of $289,575.00. Following the completion of the transaction, the insider now owns 41,323 shares of the company’s stock, valued at approximately $20,454,885. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Nicholas Clegg sold 1,135 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $471.85, for a total value of $535,549.75. Following the completion of the transaction, the insider now owns 8,753 shares in the company, valued at $4,130,103.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $495.00, for a total value of $289,575.00. Following the sale, the insider now directly owns 41,323 shares in the company, valued at $20,454,885. The disclosure for this sale can be found here. Insiders sold a total of 732,374 shares of company stock valued at $363,875,308 in the last 90 days. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Down 1.5 %

Meta Platforms stock traded down $7.31 on Thursday, hitting $467.05. 10,723,881 shares of the stock traded hands, compared to its average volume of 17,262,195. Meta Platforms, Inc. has a 1 year low of $258.45 and a 1 year high of $531.49. The firm has a market cap of $1.18 trillion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.24 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $481.93 and its 200 day simple moving average is $429.53.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 20.18 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. Meta Platforms’s payout ratio is currently 11.49%.

Meta Platforms Company Profile

(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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