Fiduciary Planning LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,662 shares of the social networking company's stock after acquiring an additional 400 shares during the quarter. Meta Platforms comprises approximately 0.7% of Fiduciary Planning LLC's holdings, making the stock its 25th largest position. Fiduciary Planning LLC's holdings in Meta Platforms were worth $2,110,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of Meta Platforms in the fourth quarter worth $40,000. WealthTrak Capital Management LLC acquired a new stake in shares of Meta Platforms during the 4th quarter worth approximately $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Meta Platforms in the 4th quarter valued at $45,000. Stuart Chaussee & Associates Inc. acquired a new position in Meta Platforms in the fourth quarter worth about $47,000. Finally, Conquis Financial LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $59,000. Institutional investors own 79.91% of the company's stock.
Insider Activity
In other news, COO Javier Olivan sold 406 shares of Meta Platforms stock in a transaction on Monday, April 21st. The stock was sold at an average price of $491.69, for a total transaction of $199,626.14. Following the completion of the sale, the chief operating officer now owns 4,608 shares of the company's stock, valued at approximately $2,265,707.52. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Susan J. Li sold 6,874 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was 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 owns 70,040 shares in the company, valued at approximately $46,181,574.40. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,171 shares of company stock valued at $35,163,457 over the last ninety days. 13.61% of the stock is currently owned by company insiders.
Meta Platforms Stock Performance
Shares of Meta Platforms stock traded up $13.09 during trading on Friday, hitting $697.71. 11,707,462 shares of the stock were exchanged, compared to its average volume of 14,531,332. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $587.67 and a 200-day moving average price of $615.18. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.71 EPS. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be issued a $0.525 dividend. The ex-dividend date 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 currently 8.19%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on META. Loop Capital lifted their price target on shares of Meta Platforms from $695.00 to $888.00 and gave the company a "buy" rating in a report on Friday, May 16th. Pivotal Research cut their price target on Meta Platforms from $875.00 to $830.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $740.00 target price on shares of Meta Platforms in a research report on Thursday, May 1st. Raymond James lowered their target price on Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America boosted their target price on Meta Platforms from $640.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $702.48.
Get Our Latest Stock Report on META
About Meta Platforms
(
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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