Menard Financial Group LLC Has $5.71 Million Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

Menard Financial Group LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,754 shares of the social networking company's stock after acquiring an additional 1,125 shares during the period. Meta Platforms accounts for about 3.4% of Menard Financial Group LLC's holdings, making the stock its 4th biggest position. Menard Financial Group LLC's holdings in Meta Platforms were worth $5,711,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. Suvretta Capital Management LLC boosted its stake in shares of 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 valued at $99,735,000 after purchasing an additional 1,850 shares in the last quarter. Skye Global Management LP increased its stake in shares of Meta Platforms by 130.9% in the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after acquiring an additional 43,200 shares in the last quarter. Brueske Advisory Services LLC bought a new position in shares of Meta Platforms in the 4th quarter worth about $459,000. Apollon Financial LLC increased its stake in Meta Platforms by 11.1% during the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company's stock valued at $866,000 after purchasing an additional 148 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of Meta Platforms by 255.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,709,694 shares of the social networking company's stock valued at $1,001,044,000 after acquiring an additional 1,229,350 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Activity

In related news, CFO Susan J. Li sold 6,874 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $4,532,440.64. Following the sale, the chief financial officer now owns 70,040 shares of the company's stock, valued at $46,181,574.40. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 608 shares of the business's stock in a transaction dated 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 directly owns 8,662 shares of the company's stock, valued at approximately $5,837,841.52. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,664 shares of company stock worth $35,484,670. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded down $4.72 on Friday, hitting $640.33. 6,418,533 shares of the company were exchanged, compared to its average volume of 14,437,873. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a 50-day moving average price of $578.25 and a 200 day moving average price of $610.43. The company has a quick ratio of 2.98, a current 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 data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The firm had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter last year, the firm earned $4.71 earnings per share. The firm's revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Monday, June 16th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.33%. Meta Platforms's payout ratio is 8.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on META shares. Robert W. Baird raised their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Guggenheim lifted their price objective on shares of Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Roth Capital lifted their price objective on Meta Platforms from $580.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays dropped their target price on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, Wedbush upped their price objective on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One equities research 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 company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average 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.