Stratos Investment Management LLC Purchases 3,656 Shares of Meta Platforms, Inc. (NASDAQ:META)

Stratos Investment Management LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 17.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,927 shares of the social networking company's stock after acquiring an additional 3,656 shares during the period. Stratos Investment Management LLC's holdings in Meta Platforms were worth $14,367,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blackhawk Capital Partners LLC. grew its position in Meta Platforms by 3.0% during the first quarter. Blackhawk Capital Partners LLC. now owns 15,642 shares of the social networking company's stock worth $9,016,000 after buying an additional 456 shares in the last quarter. Black Diamond Financial LLC grew its position in Meta Platforms by 7.4% during the first quarter. Black Diamond Financial LLC now owns 1,481 shares of the social networking company's stock worth $854,000 after buying an additional 102 shares in the last quarter. May Hill Capital LLC grew its position in Meta Platforms by 1.8% during the first quarter. May Hill Capital LLC now owns 4,952 shares of the social networking company's stock worth $2,854,000 after buying an additional 86 shares in the last quarter. Sierra Capital LLC grew its position in Meta Platforms by 7.1% during the first quarter. Sierra Capital LLC now owns 10,111 shares of the social networking company's stock worth $5,828,000 after buying an additional 670 shares in the last quarter. Finally, NTV Asset Management LLC grew its position in Meta Platforms by 5.1% during the first quarter. NTV Asset Management LLC now owns 8,827 shares of the social networking company's stock worth $5,088,000 after buying an additional 429 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 6,874 shares of Meta Platforms 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 $4,532,440.64. Following the completion of the sale, the chief financial officer owned 70,040 shares of the company's stock, valued at approximately $46,181,574.40. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Andrew Bosworth sold 22,449 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.85, for a total transaction of $14,296,645.65. Following the sale, the chief technology officer directly owned 1,183 shares of the company's stock, valued at approximately $753,393.55. The trade was a 94.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,792 shares of company stock worth $105,466,325 in the last three months. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ META opened at $717.51 on Friday. Meta Platforms, Inc. has a twelve month low of $442.65 and a twelve month high of $747.90. The firm has a market cap of $1.80 trillion, a P/E ratio of 27.98, a PEG ratio of 1.76 and a beta of 1.28. The company has a 50 day moving average of $674.77 and a 200 day moving average of $634.35. 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 announced 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 net margin of 39.11% and a return on equity of 38.69%. The company had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. During the same period in the previous year, the business earned $4.71 EPS. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on META. Evercore ISI increased their price target on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Wedbush raised their target price on Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Raymond James Financial dropped their price target on Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating for the company in a research note on Thursday, May 1st. Finally, Loop Capital increased 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. Five research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $729.38.

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.

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