Integral Investment Advisors Inc. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 575.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,683 shares of the social networking company's stock after buying an additional 3,990 shares during the period. Meta Platforms comprises about 0.9% of Integral Investment Advisors Inc.'s investment portfolio, making the stock its 25th largest holding. Integral Investment Advisors Inc.'s holdings in Meta Platforms were worth $2,699,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valley Financial Group Inc. raised its stake in shares of Meta Platforms by 2.4% during the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after purchasing an additional 14 shares during the period. Lantern Wealth Advisors LLC boosted its holdings in Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after purchasing an additional 14 shares during the last quarter. Seelaus Asset Management LLC grew its stake in Meta Platforms by 0.9% during the 4th quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock valued at $960,000 after purchasing an additional 15 shares in the last quarter. Meredith Wealth Planning raised its position in shares of Meta Platforms by 0.8% in the 4th quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after purchasing an additional 15 shares in the last quarter. Finally, Maiden Cove Capital LLC raised its position in shares of Meta Platforms by 3.2% in the 4th quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock valued at $282,000 after purchasing an additional 15 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Meta Platforms
In related news, COO Javier Olivan sold 406 shares of Meta Platforms stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $491.69, for a total value of $199,626.14. Following the completion of the transaction, the chief operating officer now directly owns 4,608 shares of the company's stock, valued at $2,265,707.52. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 7,466 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $701.25, for a total transaction of $5,235,532.50. Following the transaction, the chief executive officer now owns 132,072 shares in the company, valued at approximately $92,615,490. This trade represents a 5.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,682 shares of company stock valued at $56,014,018. 13.61% of the stock is owned by insiders.
Meta Platforms Price Performance
Shares of Meta Platforms stock traded down $1.88 during trading on Thursday, hitting $692.26. 3,754,666 shares of the company's stock traded hands, compared to its average volume of 14,480,069. The company has a market cap of $1.74 trillion, a PE ratio of 28.94, a PEG ratio of 1.42 and a beta of 1.26. The firm's fifty day moving average price is $597.08 and its 200 day moving average price is $617.62. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $740.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.33 by $1.10. The company 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 company's revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.71 EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.30%. Meta Platforms's dividend payout ratio is presently 8.19%.
Analyst Upgrades and Downgrades
META has been the topic of several recent analyst reports. Wedbush upped 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, May 1st. Rosenblatt Securities increased their price target on shares of Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Guggenheim boosted their price objective on Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a report on Thursday, May 1st. JMP Securities restated a "market outperform" rating and set a $750.00 price objective on shares of Meta Platforms in a research note on Wednesday, April 30th. Finally, Susquehanna decreased their target price on Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $702.48.
Read Our Latest Stock Report on META
Meta Platforms Profile
(
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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