AA Financial Advisors LLC Buys 508 Shares of Meta Platforms, Inc. (NASDAQ:META)

AA Financial Advisors LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 24.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,567 shares of the social networking company's stock after purchasing an additional 508 shares during the quarter. AA Financial Advisors LLC's holdings in Meta Platforms were worth $1,480,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of META. Vanguard Group Inc. lifted its stake in Meta Platforms by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock worth $111,948,344,000 after purchasing an additional 1,502,553 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Meta Platforms by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock worth $28,719,970,000 after buying an additional 1,020,519 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Meta Platforms by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock worth $24,777,282,000 after buying an additional 1,049,121 shares during the period. Capital World Investors lifted its stake in shares of Meta Platforms by 2.9% during the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock worth $23,606,338,000 after acquiring an additional 1,141,355 shares during the last quarter. Finally, Norges Bank purchased a new position in Meta Platforms during the 4th quarter valued at $19,949,512,000. Institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $697.23 on Wednesday. The company has a fifty day simple moving average of $610.13 and a 200-day simple moving average of $621.38. The firm has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.73 and a beta of 1.26. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. Meta Platforms's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.71 EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be given a $0.525 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.30%. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 6,874 shares of Meta Platforms stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $4,532,440.64. Following the transaction, the chief financial officer now directly owns 70,040 shares of the company's stock, valued at $46,181,574.40. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 608 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $614.97, for a total transaction of $373,901.76. Following the completion of the transaction, the chief operating officer now owns 6,838 shares in the company, valued at $4,205,164.86. The trade was a 8.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,672 shares of company stock valued at $55,455,647. 13.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Meta Platforms from $675.00 to $735.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer upped their price target on shares of Meta Platforms from $665.00 to $775.00 and gave the stock an "outperform" rating in a report on Monday. Barclays reduced their price target on shares of Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Rosenblatt Securities boosted their price objective on shares of Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, KeyCorp upped their target price on shares of Meta Platforms from $645.00 to $655.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $706.88.

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.

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