Caitlin John LLC Acquires 622 Shares of Meta Platforms, Inc. $META

Key Points

• Caitlin John LLC increased its stake in Meta Platforms, acquiring an additional 622 shares during Q2, bringing its total holdings to 2,363 shares, valued at approximately $1.745 million.
• Multiple institutional investors, including McGlone Suttner Wealth Management and GAMMA Investing, have also raised their stakes in Meta Platforms, indicating growing institutional interest in the company.
• Meta Platforms plans to pay a $0.525 quarterly dividend on September 29th, 2023, contributing to an annualized yield of 0.3%.

Caitlin John LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 35.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,363 shares of the social networking company's stock after buying an additional 622 shares during the period. Meta Platforms accounts for about 1.6% of Caitlin John LLC's investment portfolio, making the stock its 14th biggest holding. Caitlin John LLC's holdings in Meta Platforms were worth $1,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. McGlone Suttner Wealth Management Inc. raised its stake in shares of Meta Platforms by 1.3% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 4,172 shares of the social networking company's stock worth $3,080,000 after buying an additional 54 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Meta Platforms by 9.3% during the second quarter. GAMMA Investing LLC now owns 44,491 shares of the social networking company's stock worth $32,838,000 after buying an additional 3,800 shares during the last quarter. Scharf Investments LLC raised its stake in shares of Meta Platforms by 8.5% during the second quarter. Scharf Investments LLC now owns 3,671 shares of the social networking company's stock worth $2,710,000 after buying an additional 289 shares during the last quarter. S.A. Mason LLC raised its stake in shares of Meta Platforms by 4.1% during the second quarter. S.A. Mason LLC now owns 1,902 shares of the social networking company's stock worth $1,404,000 after buying an additional 75 shares during the last quarter. Finally, Ridgewood Investments LLC raised its stake in shares of Meta Platforms by 25.0% during the second quarter. Ridgewood Investments LLC now owns 3,912 shares of the social networking company's stock worth $2,887,000 after buying an additional 782 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on META. Scotiabank upped their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Wedbush upped their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Zacks Research downgraded shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. BMO Capital Markets upped their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Finally, Truist Financial set a $880.00 target price on shares of Meta Platforms in a research note on Thursday, September 18th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,610 shares of company stock valued at $186,301,207. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 0.7%

Shares of META stock opened at $760.66 on Thursday. The firm has a fifty day moving average of $750.00 and a 200-day moving average of $668.49. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.58 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Meta Platforms Company 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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