Keeler Thomas Management LLC lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 52.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,287 shares of the social networking company's stock after selling 3,570 shares during the period. Keeler Thomas Management LLC's holdings in Meta Platforms were worth $1,895,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Valley Financial Group Inc. increased its position in shares of Meta Platforms by 2.4% during the 4th 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 increased its position in shares of Meta Platforms by 0.5% during the 4th 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 period. ABLE Financial Group LLC increased its position in shares of Meta Platforms by 0.7% during the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after purchasing an additional 15 shares during the period. Mosaic Family Wealth Partners LLC increased its position in shares of Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares during the period. Finally, Orin Green Financial LLC increased its position in shares of Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the period. Institutional investors own 79.91% of the company's stock.
Meta Platforms Price Performance
NASDAQ META opened at $769.30 on Monday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $784.75. The stock's 50-day moving average is $714.53 and its two-hundred day moving average is $651.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $1.93 trillion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%. The company had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the company earned $5.16 earnings per share. The business's revenue was up 21.6% compared to the same quarter last year. On average, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The firm also recently disclosed 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 was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.
Analyst Ratings Changes
META has been the topic of several research analyst reports. TD Securities lowered their price target on Meta Platforms from $725.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Benchmark raised their price objective on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Raymond James Financial raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley raised their price objective on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.
Check Out Our Latest Stock Report on Meta Platforms
Insider Transactions at Meta Platforms
In other news, CTO Andrew Bosworth sold 22,449 shares of Meta Platforms stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $636.85, for a total value of $14,296,645.65. Following the transaction, the chief technology officer directly owned 1,183 shares in the company, valued at approximately $753,393.55. The trade was a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,416 shares of company stock worth $199,599,359. Company insiders own 13.61% of the company's stock.
Meta Platforms Profile
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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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