Burr Financial Services LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,337 shares of the social networking company's stock after purchasing an additional 482 shares during the quarter. Meta Platforms comprises 8.7% of Burr Financial Services LLC's holdings, making the stock its 3rd largest holding. Burr Financial Services LLC's holdings in Meta Platforms were worth $11,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in Meta Platforms in the fourth quarter valued at about $40,000. WealthTrak Capital Management LLC purchased a new stake in Meta Platforms in the fourth quarter valued at about $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Meta Platforms in the fourth quarter valued at about $45,000. Stuart Chaussee & Associates Inc. purchased a new stake in Meta Platforms in the fourth quarter valued at about $47,000. Finally, Conquis Financial LLC purchased a new stake in Meta Platforms in the fourth quarter valued at about $59,000. Institutional investors own 79.91% of the company's stock.
Analyst Upgrades and Downgrades
META has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Rosenblatt Securities raised their price objective on Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Tigress Financial restated a "strong-buy" rating on shares of Meta Platforms in a research note on Tuesday, February 11th. Susquehanna reduced their price objective on Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Finally, Wedbush raised their price objective on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating 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 given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $701.05.
Read Our Latest Stock Report on META
Meta Platforms Price Performance
Shares of NASDAQ:META traded up $23.41 during trading on Monday, reaching $670.90. The stock had a trading volume of 15,706,506 shares, compared to its average volume of 14,486,878. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The business has a fifty day moving average price of $578.56 and a 200-day moving average price of $611.28. The stock has a market cap of $1.69 trillion, a PE ratio of 28.05, a PEG ratio of 1.42 and a beta of 1.24. 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 quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. The firm had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The business's revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.71 earnings per share. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Monday, June 16th. Meta Platforms's dividend payout ratio is presently 8.19%.
Insider Transactions at Meta Platforms
In other Meta Platforms news, CTO Andrew Bosworth sold 5,057 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $659.36, for a total transaction of $3,334,383.52. Following the transaction, the chief technology officer now owns 16,463 shares of the company's stock, valued at approximately $10,855,043.68. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Susan J. Li sold 6,874 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $659.36, for a total value of $4,532,440.64. Following the transaction, the chief financial officer now directly owns 70,040 shares in the company, valued at $46,181,574.40. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,056 shares of company stock valued at $35,074,903 over the last ninety days. Insiders own 13.61% of the company's stock.
Meta Platforms Profile
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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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