Buttonwood Financial Advisors Inc. Lowers Stock Position in Meta Platforms, Inc. $META

Buttonwood Financial Advisors Inc. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 6.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,846 shares of the social networking company’s stock after selling 947 shares during the period. Meta Platforms comprises 3.8% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 8th biggest position. Buttonwood Financial Advisors Inc.’s holdings in Meta Platforms were worth $10,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of META. Vanguard Group Inc. lifted its position in shares of Meta Platforms by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company’s stock valued at $142,149,566,000 after buying an additional 1,532,568 shares during the last quarter. State Street Corp increased its holdings in Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after acquiring an additional 59,766,000 shares during the period. Geode Capital Management LLC lifted its holdings in Meta Platforms by 1.3% during the second quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company’s stock valued at $37,902,948,000 after purchasing an additional 682,768 shares during the last quarter. Finally, Norges Bank bought a new position in Meta Platforms during the second quarter worth about $23,155,393,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ:META opened at $646.06 on Friday. The stock has a market cap of $1.63 trillion, a P/E ratio of 28.54, a PEG ratio of 1.28 and a beta of 1.29. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $641.17 and its two-hundred day moving average price is $703.93. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.03 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Meta Platforms’s payout ratio is currently 9.28%.

Analysts Set New Price Targets

Several research firms have recently issued reports on META. Stifel Nicolaus lowered their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. KeyCorp lowered their target price on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wedbush reduced their price target on Meta Platforms from $920.00 to $880.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Finally, Roth Capital reissued a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $822.89.

Read Our Latest Report on META

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Insider Transactions at Meta Platforms

In related news, CAO Aaron Anderson sold 726 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total value of $429,501.60. Following the transaction, the chief accounting officer owned 6,035 shares of the company’s stock, valued at $3,570,306. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 2,610 shares of the firm’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $1,590,690.60. Following the sale, the chief operating officer owned 9,784 shares in the company, valued at $5,962,956.64. The trade was a 21.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 41,555 shares of company stock worth $25,869,502. Company insiders own 13.61% of the company’s stock.

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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