F&V Capital Management LLC Raises Stock Holdings in Meta Platforms, Inc. (NASDAQ:META)

F&V Capital Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 76.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,962 shares of the social networking company's stock after purchasing an additional 8,245 shares during the period. Meta Platforms comprises 2.8% of F&V Capital Management LLC's investment portfolio, making the stock its 18th biggest position. F&V Capital Management LLC's holdings in Meta Platforms were worth $10,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in META. Suvretta Capital Management LLC boosted its position in Meta Platforms by 1.1% during the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after purchasing an additional 1,850 shares in the last quarter. Skye Global Management LP lifted its holdings in shares of Meta Platforms by 130.9% during 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 during the period. Brueske Advisory Services LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $459,000. Apollon Financial LLC grew its holdings in shares of Meta Platforms by 11.1% during the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company's stock worth $866,000 after purchasing an additional 148 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Meta Platforms by 255.9% in 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 period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 5,057 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $659.36, for a total value of $3,334,383.52. Following the completion of the transaction, the chief technology officer now owns 16,463 shares of the company's stock, valued at $10,855,043.68. The trade was a 23.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Zuckerberg sold 7,802 shares of Meta Platforms stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $701.96, for a total value of $5,476,691.92. Following the sale, the chief executive officer now directly owns 110,477 shares of the company's stock, valued at approximately $77,550,434.92. This trade represents a 6.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock valued at $56,377,837 over the last three months. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 1.5%

Shares of Meta Platforms stock traded down $10.49 during midday trading on Friday, reaching $682.87. The company had a trading volume of 9,259,272 shares, compared to its average volume of 14,501,078. Meta Platforms, Inc. has a fifty-two week low of $442.65 and a fifty-two week 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. The stock has a fifty day moving average price of $604.07 and a 200 day moving average price of $619.26. The firm has a market cap of $1.72 trillion, a PE ratio of 28.55, a P/E/G ratio of 1.42 and a beta of 1.26.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping 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 business had revenue of $42.31 billion during the quarter, compared to analysts' expectations of $41.45 billion. During the same period last year, the company posted $4.71 earnings per share. The business's quarterly revenue was up 16.1% on a year-over-year basis. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders 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 yield of 0.31%. Meta Platforms's dividend payout ratio (DPR) is 8.19%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Loop Capital boosted their target price on shares of Meta Platforms from $695.00 to $888.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $740.00 price objective on shares of Meta Platforms in a research report on Thursday, May 1st. Rosenblatt Securities increased their target price on Meta Platforms from $846.00 to $918.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Monness Crespi & Hardt upped their price objective on shares of Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Truist Financial upped their price objective on Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $704.26.

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.