BCGM Wealth Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,311 shares of the social networking company’s stock after acquiring an additional 66 shares during the period. BCGM Wealth Management LLC’s holdings in Meta Platforms were worth $637,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Purus Wealth Management LLC increased its holdings in Meta Platforms by 6.7% in the fourth quarter. Purus Wealth Management LLC now owns 3,198 shares of the social networking company’s stock valued at $1,132,000 after purchasing an additional 200 shares during the period. Daymark Wealth Partners LLC grew its holdings in Meta Platforms by 3.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 10,309 shares of the social networking company’s stock worth $3,649,000 after acquiring an additional 347 shares during the period. Howard Financial Services LTD. grew its holdings in Meta Platforms by 11.2% during the 4th quarter. Howard Financial Services LTD. now owns 960 shares of the social networking company’s stock worth $340,000 after acquiring an additional 97 shares during the period. Dfpg Investments LLC grew its holdings in Meta Platforms by 2.9% during the 4th quarter. Dfpg Investments LLC now owns 47,576 shares of the social networking company’s stock worth $16,388,000 after acquiring an additional 1,342 shares during the period. Finally, Silvia Mccoll Wealth Management LLC acquired a new stake in Meta Platforms during the 4th quarter worth about $254,000. 79.91% of the stock is currently owned by institutional investors.
Meta Platforms Price Performance
Shares of Meta Platforms stock traded up $2.68 during trading hours on Monday, reaching $501.55. The company’s stock had a trading volume of 6,465,276 shares, compared to its average volume of 16,133,846. The firm has a 50 day moving average price of $492.56 and a 200-day moving average price of $467.54. Meta Platforms, Inc. has a one year low of $274.38 and a one year high of $542.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market cap of $1.27 trillion, a P/E ratio of 28.70, a P/E/G ratio of 1.29 and a beta of 1.21.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. On average, analysts predict that Meta Platforms, Inc. will post 20.21 EPS for the current year.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on META shares. Truist Financial decreased their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Wedbush dropped their price target on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. TD Securities lifted their target price on shares of Meta Platforms from $530.00 to $600.00 in a research report on Wednesday, July 10th. UBS Group dropped their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Oppenheimer dropped their target price on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $515.64.
Read Our Latest Analysis on META
Insider Buying and Selling at Meta Platforms
In related news, Director Sheryl Sandberg sold 105,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total value of $291,675.15. Following the sale, the insider now owns 37,813 shares in the company, valued at $18,853,183.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the sale, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The disclosure for this sale can be found here. Insiders sold a total of 294,278 shares of company stock valued at $146,060,559 in the last three months. Company insiders own 13.71% of the company’s stock.
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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