Accretive Wealth Partners LLC raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,667 shares of the social networking company’s stock after acquiring an additional 151 shares during the period. Meta Platforms makes up about 1.4% of Accretive Wealth Partners LLC’s portfolio, making the stock its 14th biggest position. Accretive Wealth Partners LLC’s holdings in Meta Platforms were worth $4,183,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Csenge Advisory Group lifted its stake in Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after acquiring an additional 1,019 shares during the period. ARQ Wealth Advisors LLC lifted its stake in shares of Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after purchasing an additional 34 shares during the period. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms in the 1st quarter valued at $284,000. Infusive Asset Management Inc. lifted its stake in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after purchasing an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC lifted its stake in shares of Meta Platforms by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after purchasing an additional 109 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Meta Platforms Price Performance
Shares of NASDAQ META opened at $751.67 on Thursday. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The firm has a market cap of $1.89 trillion, a PE ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.20. The firm has a fifty day moving average of $741.86 and a 200 day moving average of $696.13. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 7.60%.
Insider Transactions at Meta Platforms
In related news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $749.57, for a total value of $387,527.69. Following the completion of the sale, the chief operating officer owned 7,958 shares of the company’s stock, valued at approximately $5,965,078.06. This represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 213,663 shares of company stock valued at $164,595,807 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts recently issued reports on META shares. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and boosted their target price for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Piper Sandler boosted their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Finally, TD Cowen boosted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $829.66.
View Our Latest Report on Meta Platforms
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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