Invictus Private Wealth LLC grew its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,202 shares of the social networking company’s stock after acquiring an additional 35 shares during the period. Invictus Private Wealth LLC’s holdings in Meta Platforms were worth $1,625,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock worth $23,453,000 after buying an additional 5,829 shares during the period. 1776 Wealth LLC boosted its holdings in shares of Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after buying an additional 675 shares during the period. Finally, Carr Financial Group Corp boosted its holdings in shares of Meta Platforms by 21.1% during the 1st quarter. Carr Financial Group Corp now owns 1,854 shares of the social networking company’s stock worth $1,069,000 after buying an additional 323 shares during the period. Institutional investors own 79.91% of the company’s stock.
Meta Platforms Price Performance
Shares of NASDAQ:META opened at $732.17 on Tuesday. The firm has a 50 day moving average of $746.08 and a 200-day moving average of $686.38. The stock has a market capitalization of $1.84 trillion, a PE ratio of 26.51, a PEG ratio of 1.50 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 7.60%.
Insider Activity at Meta Platforms
In related news, CEO Mark Zuckerberg sold 15,847 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,146 shares of company stock valued at $164,196,453 in the last quarter. 13.61% of the stock is owned by company insiders.
Analysts Set New Price Targets
META has been the subject of several research analyst reports. Truist Financial set a $880.00 target price on shares of Meta Platforms in a report on Thursday, September 18th. Bank of America boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. UBS Group boosted their price objective on shares of Meta Platforms from $897.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Citizens Jmp boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Mizuho set a $925.00 price objective on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $829.66.
Check Out Our Latest Research Report on META
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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