Signature Estate & Investment Advisors LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,460 shares of the social networking company's stock after acquiring an additional 2,871 shares during the period. Meta Platforms comprises 1.6% of Signature Estate & Investment Advisors LLC's holdings, making the stock its 16th largest position. Signature Estate & Investment Advisors LLC's holdings in Meta Platforms were worth $78,195,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of META. Brighton Jones LLC lifted its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. Headwater Capital Co Ltd lifted its position in shares of Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Meta Platforms in the second quarter valued at approximately $213,000. Finally, Capital & Planning LLC purchased a new position in shares of Meta Platforms in the second quarter valued at approximately $322,000. 79.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on META shares. Stifel Nicolaus decreased their target price on Meta Platforms from $805.00 to $780.00 and set a "buy" rating on the stock in a research report on Friday, May 1st. Barclays raised their target price on Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Mizuho decreased their target price on Meta Platforms from $850.00 to $835.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 5th. Argus reaffirmed a "buy" rating and issued a $800.00 price target on shares of Meta Platforms in a report on Monday, February 2nd. Finally, Erste Group Bank downgraded Meta Platforms from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $840.19.
View Our Latest Report on Meta Platforms
Meta Platforms Price Performance
NASDAQ:META opened at $632.51 on Monday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.60 trillion, a P/E ratio of 22.99, a P/E/G ratio of 1.12 and a beta of 1.23. The stock's fifty day moving average is $617.84 and its two-hundred day moving average is $636.92.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company's quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.43 EPS. Equities analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is 7.63%.
Insider Buying and Selling
In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the company's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Andrew Bosworth sold 7,847 shares of the company's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares of the company's stock, valued at approximately $251,641.62. This represents a 94.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 40,890 shares of company stock worth $25,315,558 in the last quarter. Company insiders own 13.53% of the company's stock.
Key Headlines Impacting Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
Meta Platforms Profile
(
Free Report)
Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.
Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.
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