Contravisory Investment Management Inc. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,570 shares of the social networking company's stock after selling 426 shares during the quarter. Meta Platforms makes up about 1.9% of Contravisory Investment Management Inc.'s holdings, making the stock its 19th biggest holding. Contravisory Investment Management Inc.'s holdings in Meta Platforms were worth $8,974,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. Valley Financial Group Inc. grew its stake in Meta Platforms by 2.4% during the 4th quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after purchasing an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC raised its stake in shares of Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares during the last quarter. Seelaus Asset Management LLC lifted its holdings in shares of Meta Platforms by 0.9% during the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock worth $960,000 after purchasing an additional 15 shares during the period. Meredith Wealth Planning boosted its position in Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after buying an additional 15 shares during the last quarter. Finally, Maiden Cove Capital LLC increased its holdings in Meta Platforms by 3.2% in the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock worth $282,000 after buying an additional 15 shares during the period. 79.91% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Meta Platforms from $628.00 to $655.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wedbush raised their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Roth Capital boosted their target price on shares of Meta Platforms from $580.00 to $620.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Truist Financial increased their price target on Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group reduced their price objective on Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $702.48.
Get Our Latest Stock Report on Meta Platforms
Meta Platforms Price Performance
META traded up $13.62 during trading on Friday, reaching $698.24. The company's stock had a trading volume of 8,298,218 shares, compared to its average volume of 16,693,225. The company has a market cap of $1.76 trillion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.42 and a beta of 1.24. The firm has a fifty day simple moving average of $585.44 and a two-hundred day simple moving average of $613.90. Meta Platforms, Inc. has a 1 year low of $442.65 and a 1 year high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating the consensus estimate of $5.33 by $1.10. The firm had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.71 earnings per share. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current 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 issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.30%. Meta Platforms's dividend payout ratio is presently 8.19%.
Insider Activity
In other news, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $609.00, for a total transaction of $370,272.00. Following the sale, the chief operating officer now owns 8,054 shares of the company's stock, valued at approximately $4,904,886. The trade was a 7.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert M. Kimmitt sold 475 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $628.25, for a total value of $298,418.75. Following the completion of the transaction, the director now owns 10,272 shares in the company, valued at $6,453,384. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,171 shares of company stock valued at $35,163,457. 13.61% of the stock is currently owned by insiders.
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.
Featured Articles
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
