Meta Platforms, Inc. (NASDAQ:META) Shares Bought by Revisor Wealth Management LLC

Revisor Wealth Management LLC lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,711 shares of the social networking company's stock after acquiring an additional 492 shares during the quarter. Meta Platforms accounts for approximately 0.7% of Revisor Wealth Management LLC's portfolio, making the stock its 28th largest holding. Revisor Wealth Management LLC's holdings in Meta Platforms were worth $1,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in META. Opulen Financial Group LLC acquired a new position in Meta Platforms during the fourth quarter worth about $325,000. Brighton Jones LLC grew its position 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 grew its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the period. SOA Wealth Advisors LLC. grew its position in Meta Platforms by 5.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 3,397 shares of the social networking company's stock worth $1,989,000 after buying an additional 178 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its position in Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after buying an additional 7,587 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on META shares. Raymond James Financial lowered their target price on shares of Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $675.00 to $735.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $664.00 price target on shares of Meta Platforms in a report on Tuesday, June 17th. Loop Capital upped their price target on shares of Meta Platforms from $695.00 to $888.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, UBS Group reaffirmed a "buy" rating and issued a $812.00 price target (up previously from $683.00) on shares of Meta Platforms in a report on Thursday, June 26th. Five research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $719.29.

Meta Platforms Trading Down 0.1%

Shares of Meta Platforms stock traded down $0.66 during trading hours on Monday, hitting $718.35. The company's stock had a trading volume of 9,436,254 shares, compared to its average volume of 14,524,385. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $747.90. The business has a fifty day moving average of $658.89 and a 200 day moving average of $630.28. The company has a market capitalization of $1.81 trillion, a PE ratio of 28.02, a P/E/G ratio of 1.76 and a beta of 1.28. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16.

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 (EPS) for the quarter, topping the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The business's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.71 earnings per share. As a group, equities analysts forecast 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. Investors of record on Monday, June 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's payout ratio is 8.19%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $740.97, for a total transaction of $383,081.49. Following the completion of the sale, the chief operating officer directly owned 7,853 shares of the company's stock, valued at approximately $5,818,837.41. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last three months, insiders sold 153,677 shares of company stock valued at $105,221,340. Corporate insiders own 13.61% of the company's stock.

About Meta Platforms

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.