Guerra Advisors Inc raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,766 shares of the social networking company's stock after purchasing an additional 351 shares during the period. Guerra Advisors Inc's holdings in Meta Platforms were worth $1,594,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of META. Vanguard Group Inc. lifted its holdings in shares of Meta Platforms by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock valued at $111,948,344,000 after purchasing an additional 1,502,553 shares in the last quarter. Geode Capital Management LLC raised its holdings in Meta Platforms by 2.1% during the 4th 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 lifted its stake in 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 valued at $24,777,282,000 after buying an additional 1,049,121 shares in the last quarter. Capital World Investors boosted its holdings in shares of Meta Platforms by 2.9% in the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock valued at $23,606,338,000 after buying an additional 1,141,355 shares during the period. Finally, Norges Bank acquired a new position in shares of Meta Platforms in the fourth quarter valued at approximately $19,949,512,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Meta Platforms
In related news, CTO Andrew Bosworth sold 22,449 shares of Meta Platforms stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the completion of the sale, the chief technology officer directly owned 1,183 shares of the company's stock, valued at approximately $753,393.55. This trade represents a 94.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 13,793 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $701.13, for a total value of $9,670,686.09. Following the completion of the transaction, the chief executive officer directly owned 118,279 shares in the company, valued at approximately $82,928,955.27. This represents a 10.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,766 shares of company stock valued at $105,135,650 in the last three months. 13.61% of the stock is currently owned by company insiders.
Meta Platforms Stock Down 0.8%
META stock opened at $713.57 on Thursday. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $747.90. The business's 50 day simple moving average is $651.82 and its 200 day simple moving average is $628.50. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.79 trillion, a PE ratio of 27.83, a PEG ratio of 1.77 and a beta of 1.28.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The company's quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.71 earnings per share. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. Meta Platforms's dividend payout ratio (DPR) is currently 8.19%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Scotiabank cut their price target on Meta Platforms from $627.00 to $525.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st. Roth Capital upped their price objective on Meta Platforms from $580.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Piper Sandler reissued an "overweight" rating and issued a $808.00 target price (up previously from $650.00) on shares of Meta Platforms in a research report on Friday, June 27th. Finally, TD Securities cut their target price on Meta Platforms from $725.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One investment 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $719.29.
Get Our Latest Stock Report on META
Meta Platforms 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.
Further Reading
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