CVA Family Office LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,461 shares of the social networking company’s stock after purchasing an additional 364 shares during the quarter. CVA Family Office LLC’s holdings in Meta Platforms were worth $4,031,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its holdings in Meta Platforms by 4.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 181,487 shares of the social networking company’s stock worth $133,954,000 after buying an additional 7,389 shares in the last quarter. Mason & Associates Inc lifted its holdings in Meta Platforms by 89.8% during the 2nd quarter. Mason & Associates Inc now owns 3,052 shares of the social networking company’s stock worth $2,252,000 after buying an additional 1,444 shares in the last quarter. Guardian Financial Partners LLC lifted its holdings in Meta Platforms by 23.0% during the 2nd quarter. Guardian Financial Partners LLC now owns 898 shares of the social networking company’s stock worth $663,000 after buying an additional 168 shares in the last quarter. TSA Wealth Managment LLC lifted its holdings in Meta Platforms by 22.8% during the 2nd quarter. TSA Wealth Managment LLC now owns 840 shares of the social networking company’s stock worth $620,000 after buying an additional 156 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management lifted its holdings in Meta Platforms by 0.7% during the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 14,282 shares of the social networking company’s stock worth $10,541,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Stock Performance
Shares of Meta Platforms stock opened at $627.32 on Wednesday. The company has a market capitalization of $1.58 trillion, a PE ratio of 27.71, a PEG ratio of 1.42 and a beta of 1.20. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $733.43 and its 200 day simple moving average is $701.18.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.28%.
Analysts Set New Price Targets
META has been the topic of several research reports. Guggenheim reaffirmed a “buy” rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Mizuho reduced their price objective on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $920.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Loop Capital reaffirmed a “buy” rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada cut their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $827.60.
Read Our Latest Stock Analysis on Meta Platforms
Insider Buying and Selling at Meta Platforms
In related news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $787.06, for a total transaction of $12,472,539.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 90,609 shares of company stock valued at $69,806,640 in the last 90 days. 13.61% of the stock is currently owned by corporate insiders.
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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