Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK lifted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,237 shares of the social networking company's stock after purchasing an additional 1,737 shares during the quarter. Capital Advisors Inc. OK's holdings in Meta Platforms were worth $13,969,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in META. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after purchasing an additional 7,587 shares during the period. Highview Capital Management LLC DE grew its holdings in Meta Platforms by 3.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after purchasing an additional 218 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Meta Platforms by 38.0% in the 4th quarter. Proficio Capital Partners LLC now owns 10,972 shares of the social networking company's stock worth $6,424,000 after purchasing an additional 3,019 shares during the period. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Monness Crespi & Hardt raised their price objective on shares of Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Jefferies Financial Group reduced their price target on Meta Platforms from $725.00 to $600.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley boosted their price objective on Meta Platforms from $615.00 to $650.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. The Goldman Sachs Group upped their price objective on Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company lifted their target price on Meta Platforms from $664.00 to $783.00 and gave the stock an "overweight" rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $729.38.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 2,361 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $716.48, for a total transaction of $1,691,609.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $717.51, for a total value of $370,952.67. Following the completion of the transaction, the chief operating officer directly owned 7,336 shares in the company, valued at approximately $5,263,653.36. This trade represents a 6.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,792 shares of company stock worth $105,466,325 in the last 90 days. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META traded down $9.73 on Friday, reaching $717.51. 10,855,962 shares of the company's stock were exchanged, compared to its average volume of 14,480,953. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $747.90. The stock has a market cap of $1.80 trillion, a PE ratio of 27.98, a P/E/G ratio of 1.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66. The stock's fifty day moving average price is $674.77 and its 200-day moving average price is $634.17.

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, topping analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The company had revenue of $42.31 billion for the quarter, compared to analyst estimates of $41.45 billion. During the same quarter in the previous year, the company posted $4.71 earnings per share. The firm's revenue for the quarter was up 16.1% compared to the same quarter last year. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.29%. Meta Platforms's dividend payout ratio (DPR) is 8.19%.

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.