Rothschild Investment LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,517 shares of the social networking company's stock after selling 452 shares during the period. Meta Platforms makes up about 1.2% of Rothschild Investment LLC's investment portfolio, making the stock its 15th largest position. Rothschild Investment LLC's holdings in Meta Platforms were worth $17,589,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Valley Financial Group Inc. grew its stake in shares of Meta Platforms by 2.4% in 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 last quarter. Lantern Wealth Advisors LLC grew its stake in shares of Meta Platforms by 0.5% in 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 last quarter. Seelaus Asset Management LLC grew its stake in shares of Meta Platforms by 0.9% in 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 during the last quarter. Meredith Wealth Planning grew its stake 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 during the last quarter. Finally, Maiden Cove Capital LLC grew its stake 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 during the last quarter. Institutional investors own 79.91% of the company's stock.
Insider Buying and Selling at Meta Platforms
In other news, COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $635.41, for a total value of $328,506.97. Following the completion of the sale, the chief operating officer now owns 10,438 shares of the company's stock, valued at $6,632,409.58. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Susan J. Li sold 6,874 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $659.36, for a total value of $4,532,440.64. Following the completion of the sale, the chief financial officer now directly owns 70,040 shares of the company's stock, valued at $46,181,574.40. The trade was a 8.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,056 shares of company stock valued at $35,074,903. Company insiders own 13.61% of the company's stock.
Meta Platforms Trading Up 3.6%
Meta Platforms stock traded up $23.55 during trading on Monday, hitting $671.04. The company's stock had a trading volume of 11,162,824 shares, compared to its average volume of 14,471,618. The stock has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.42 and a beta of 1.24. The stock's fifty day moving average is $578.56 and its 200 day moving average is $611.28. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. The firm had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the previous year, the business earned $4.71 earnings per share. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Scotiabank lowered their target price on Meta Platforms from $627.00 to $525.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. JMP Securities restated a "market outperform" rating and issued a $750.00 price target on shares of Meta Platforms in a research note on Wednesday, April 30th. Piper Sandler lifted their price target on Meta Platforms from $610.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group decreased their price target on Meta Platforms from $725.00 to $600.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Finally, Loop Capital lifted their price target on Meta Platforms from $695.00 to $888.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, four have given 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $701.05.
Check Out Our Latest Stock Report on Meta Platforms
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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