Buttonwood Financial Advisors Inc. Has $9.29 Million Holdings in Meta Platforms, Inc. (NASDAQ:META)

Buttonwood Financial Advisors Inc. trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,125 shares of the social networking company's stock after selling 657 shares during the quarter. Meta Platforms makes up 4.1% of Buttonwood Financial Advisors Inc.'s holdings, making the stock its 7th biggest holding. Buttonwood Financial Advisors Inc.'s holdings in Meta Platforms were worth $9,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in META. Valley Financial Group Inc. boosted its position in shares of Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after buying an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC boosted its position in shares of Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after buying an additional 14 shares during the last quarter. Maiden Cove Capital LLC boosted its position in shares of Meta Platforms by 3.2% during the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock valued at $282,000 after buying an additional 15 shares during the last quarter. Riverwater Partners LLC boosted its position in shares of Meta Platforms by 2.7% during the fourth quarter. Riverwater Partners LLC now owns 572 shares of the social networking company's stock valued at $335,000 after buying an additional 15 shares during the last quarter. Finally, ABLE Financial Group LLC boosted its position in shares of Meta Platforms by 0.7% during the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after buying an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

META has been the topic of several analyst reports. KeyCorp lifted their target price on Meta Platforms from $645.00 to $655.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus lifted their target price on Meta Platforms from $628.00 to $655.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Jefferies Financial Group cut their target price on Meta Platforms from $725.00 to $600.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Morgan Stanley lifted their target price on Meta Platforms from $615.00 to $650.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Bank of America boosted their price objective on Meta Platforms from $690.00 to $765.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $719.29.

Meta Platforms Stock Performance

NASDAQ:META opened at $716.91 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $747.90. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.75 and a beta of 1.28. The business's fifty day moving average is $655.49 and its 200 day moving average is $629.14.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The company had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same period in the previous year, the company posted $4.71 EPS. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. Research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. Meta Platforms's payout ratio is 8.19%.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 2,361 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $716.48, for a total value of $1,691,609.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $737.00, for a total value of $382,503.00. Following the completion of the transaction, the insider owned 27,626 shares in the company, valued at $20,360,362. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,285 shares of company stock worth $105,518,153. 13.61% of the stock is owned by company insiders.

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.

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