United Asset Strategies Inc. increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,561 shares of the social networking company's stock after acquiring an additional 528 shares during the period. Meta Platforms comprises approximately 2.6% of United Asset Strategies Inc.'s holdings, making the stock its 7th largest position. United Asset Strategies Inc.'s holdings in Meta Platforms were worth $27,988,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Csenge Advisory Group raised its holdings in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after acquiring an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC raised its holdings in Meta Platforms by 1.1% in the 4th quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after acquiring an additional 1,850 shares during the last quarter. Skye Global Management LP raised its stake in Meta Platforms by 130.9% during the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock valued at $44,616,000 after buying an additional 43,200 shares during the last quarter. ARQ Wealth Advisors LLC raised its stake in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares during the last quarter. Finally, JMG Financial Group Ltd. purchased a new stake in Meta Platforms during the 1st quarter valued at $284,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 313,803 shares of company stock valued at $235,276,424. Company insiders own 13.61% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on META shares. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. TD Cowen boosted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Truist Financial boosted their price objective on shares of Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 price objective on shares of Meta Platforms in a research report on Wednesday, August 13th. Finally, Benchmark boosted their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $822.41.
Get Our Latest Stock Analysis on Meta Platforms
Meta Platforms Trading Down 1.2%
Shares of Meta Platforms stock opened at $739.10 on Friday. The company has a market capitalization of $1.86 trillion, a P/E ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The company has a fifty day moving average of $728.87 and a 200 day moving average of $657.34. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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%. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.
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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