Kera Capital Partners Inc. Purchases 430 Shares of Meta Platforms, Inc. (NASDAQ:META)

Kera Capital Partners Inc. grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 40.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the social networking company's stock after purchasing an additional 430 shares during the period. Kera Capital Partners Inc.'s holdings in Meta Platforms were worth $860,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of META. Millstone Evans Group LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth $40,000. WealthTrak Capital Management LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter worth $45,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter worth $47,000. Finally, Conquis Financial LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $673.96, for a total value of $409,767.68. Following the completion of the transaction, the chief operating officer now owns 8,662 shares in the company, valued at approximately $5,837,841.52. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total transaction of $3,334,383.52. Following the completion of the transaction, the chief technology officer now owns 16,463 shares of the company's stock, valued at $10,855,043.68. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,664 shares of company stock worth $35,484,670 over the last quarter. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Performance

META stock traded down $2.82 during trading on Friday, reaching $642.23. 16,230,863 shares of the stock were exchanged, compared to its average volume of 14,491,179. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91. The company has a market capitalization of $1.61 trillion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The stock has a 50 day simple moving average of $578.56 and a 200-day simple moving average of $610.83. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 37.91% and a return on equity of 38.17%. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.71 earnings per share. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Monday, June 16th. Meta Platforms's dividend payout ratio is 8.19%.

Analyst Ratings Changes

Several analysts recently issued reports on META shares. Cantor Fitzgerald increased their price objective on Meta Platforms from $624.00 to $676.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Argus set a $775.00 price objective on Meta Platforms in a report on Tuesday, February 4th. Guggenheim increased their price objective on Meta Platforms from $675.00 to $725.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Bank of America increased their target price on shares of Meta Platforms from $640.00 to $690.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Meta Platforms from $610.00 to $675.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $701.05.

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.