Trivium Point Advisory LLC Buys 436 Shares of Meta Platforms, Inc. (NASDAQ:META)

Trivium Point Advisory LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,356 shares of the social networking company's stock after acquiring an additional 436 shares during the quarter. Trivium Point Advisory LLC's holdings in Meta Platforms were worth $5,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Certuity LLC raised its holdings in Meta Platforms by 37.1% during the first quarter. Certuity LLC now owns 18,154 shares of the social networking company's stock worth $10,457,000 after buying an additional 4,910 shares during the last quarter. Cookson Peirce & Co. Inc. raised its holdings in Meta Platforms by 15.3% during the first quarter. Cookson Peirce & Co. Inc. now owns 6,331 shares of the social networking company's stock worth $3,649,000 after buying an additional 839 shares during the last quarter. Oak Ridge Investments LLC raised its holdings in Meta Platforms by 22.7% during the first quarter. Oak Ridge Investments LLC now owns 99,815 shares of the social networking company's stock worth $57,529,000 after buying an additional 18,434 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in Meta Platforms by 43.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 36,840 shares of the social networking company's stock worth $21,233,000 after buying an additional 11,213 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Meta Platforms by 49.8% during the first quarter. Lord Abbett & CO. LLC now owns 978,151 shares of the social networking company's stock worth $563,767,000 after buying an additional 325,384 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Up 0.4%

META stock opened at $785.23 on Friday. The company has a market capitalization of $1.97 trillion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company's 50 day moving average price is $724.43 and its two-hundred day moving average price is $655.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $5.16 earnings per share. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's payout ratio is presently 7.60%.

Insider Buying and Selling at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,243 shares of company stock worth $200,605,051. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Benchmark increased their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Sanford C. Bernstein increased their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Roth Capital increased their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, TD Securities lowered their target price on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

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.

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