Meta Platforms, Inc. (NASDAQ:META) Shares Bought by My Personal CFO LLC

My Personal CFO LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,804 shares of the social networking company’s stock after buying an additional 160 shares during the quarter. My Personal CFO LLC’s holdings in Meta Platforms were worth $1,414,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. S.A. Mason LLC boosted its holdings in Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after purchasing an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN increased its holdings in shares of Meta Platforms by 2.0% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after acquiring an additional 21 shares during the last quarter. Northern Capital Management Inc. raised its stake in shares of Meta Platforms by 3.4% in the 1st quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock valued at $314,000 after acquiring an additional 21 shares in the last quarter. Buckingham Capital Management Inc. lifted its holdings in Meta Platforms by 5.1% in the 2nd quarter. Buckingham Capital Management Inc. now owns 433 shares of the social networking company’s stock worth $218,000 after purchasing an additional 21 shares during the last quarter. Finally, LongView Wealth Management boosted its position in Meta Platforms by 1.3% during the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock worth $856,000 after purchasing an additional 22 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

META has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Meta Platforms from $565.00 to $600.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America increased their price target on shares of Meta Platforms from $550.00 to $563.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays boosted their price objective on shares of Meta Platforms from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target on shares of Meta Platforms in a report on Wednesday, June 12th. Finally, Wedbush reissued an “outperform” rating and set a $570.00 price objective on shares of Meta Platforms in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $574.41.

Insider Activity

In related news, CEO Mark Zuckerberg sold 16,702 shares of Meta Platforms stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $531.46, for a total value of $8,876,444.92. Following the sale, the chief executive officer now owns 11,384 shares of the company’s stock, valued at approximately $6,050,140.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Meta Platforms news, CEO Mark Zuckerberg sold 16,702 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $531.46, for a total transaction of $8,876,444.92. Following the sale, the chief executive officer now directly owns 11,384 shares of the company’s stock, valued at $6,050,140.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Javier Olivan sold 412 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $471.67, for a total transaction of $194,328.04. Following the completion of the sale, the chief operating officer now directly owns 14,964 shares in the company, valued at $7,058,069.88. The disclosure for this sale can be found here. Insiders sold 434,477 shares of company stock worth $220,437,187 over the last quarter. 13.71% of the stock is currently owned by company insiders.

Meta Platforms Trading Up 0.3 %

Shares of META stock traded up $1.59 on Tuesday, hitting $522.71. The stock had a trading volume of 2,105,459 shares, compared to its average volume of 16,095,785. The company has a current ratio of 2.83, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a twelve month low of $279.40 and a twelve month high of $544.23. The company has a fifty day moving average price of $503.25 and a two-hundred day moving average price of $491.66. The firm has a market cap of $1.33 trillion, a P/E ratio of 30.01, a PEG ratio of 1.27 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.23 earnings per share. As a group, analysts forecast that Meta Platforms, Inc. will post 20.5 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s payout ratio is currently 11.49%.

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.